<p class="title">Market benchmark BSE Sensex rose over 200 points in early trade on Thursday tracking massive foreign fund inflow amid positive domestic and global cues.</p>.<p class="bodytext">Inching closer to its all-time intraday high, the 30-share index was trading 220.26 points or 0.55 per cent, higher at 40,272.13, and the broader NSE Nifty advanced 64.80 points, or 0.55 per cent, to 11,908.90.</p>.<p class="bodytext">Top gainers in the Sensex pack included SBI, Infosys, ITC, Sun Pharma, HDFC Bank and ICICI Bank, rising up to 2.64 per cent.</p>.<p class="bodytext">On the other hand, Bharti Airtel, Axis Bank, M&M, PowerGrid and Yes Bank fell up to 0.92 per cent.</p>.<p class="bodytext">In the previous session, the 30-share Sensex ended 220.03 points or 0.55 per cent, higher at 40,051.87. The benchmark closed above the key 40,000-level after June 4, 2019. Similarly, the broader NSE Nifty jumped 57.25 points or 0.49 per cent to close at 11,844.10.</p>.<p class="bodytext">Foreign institutional investors purchased a whopping Rs 7,192.42 crore in the capital market, on Wednesday, while domestic institutional investors sold shares worth Rs 185.87 crore, data available with the stock exchange showed.</p>.<p class="bodytext">Besides heavy foreign fund inflow, the US Federal Reserve's decision to cut its benchmark interest rate for the third straight time also boosted market sentiment.</p>.<p class="bodytext">Hopes of government to cut in long term capital gain tax, dividend distribution tax and the securities transaction tax too enthused domestic investors, said Ajay Menon, Managing Director & CEO – Broking & Distribution, Motilal Oswal Financial Services.</p>.<p class="bodytext">"Moreover, improved auto sales growth during the festival sessions, good quarterly results and stable oil and USDINR have added fuel in the market," he added.</p>.<p class="bodytext">Bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while those in Shanghai were in the red.</p>.<p class="bodytext">On Wall Street, stock exchanges finished in the green on Wednesday.</p>.<p class="bodytext">The rupee, meanwhile, appreciated 6 paise against the US dollar to trade at 70.83 in early session.</p>.<p class="bodytext">Brent futures, the global oil benchmark, rose 0.35 per cent to USD 60.45 per barrel.</p>
<p class="title">Market benchmark BSE Sensex rose over 200 points in early trade on Thursday tracking massive foreign fund inflow amid positive domestic and global cues.</p>.<p class="bodytext">Inching closer to its all-time intraday high, the 30-share index was trading 220.26 points or 0.55 per cent, higher at 40,272.13, and the broader NSE Nifty advanced 64.80 points, or 0.55 per cent, to 11,908.90.</p>.<p class="bodytext">Top gainers in the Sensex pack included SBI, Infosys, ITC, Sun Pharma, HDFC Bank and ICICI Bank, rising up to 2.64 per cent.</p>.<p class="bodytext">On the other hand, Bharti Airtel, Axis Bank, M&M, PowerGrid and Yes Bank fell up to 0.92 per cent.</p>.<p class="bodytext">In the previous session, the 30-share Sensex ended 220.03 points or 0.55 per cent, higher at 40,051.87. The benchmark closed above the key 40,000-level after June 4, 2019. Similarly, the broader NSE Nifty jumped 57.25 points or 0.49 per cent to close at 11,844.10.</p>.<p class="bodytext">Foreign institutional investors purchased a whopping Rs 7,192.42 crore in the capital market, on Wednesday, while domestic institutional investors sold shares worth Rs 185.87 crore, data available with the stock exchange showed.</p>.<p class="bodytext">Besides heavy foreign fund inflow, the US Federal Reserve's decision to cut its benchmark interest rate for the third straight time also boosted market sentiment.</p>.<p class="bodytext">Hopes of government to cut in long term capital gain tax, dividend distribution tax and the securities transaction tax too enthused domestic investors, said Ajay Menon, Managing Director & CEO – Broking & Distribution, Motilal Oswal Financial Services.</p>.<p class="bodytext">"Moreover, improved auto sales growth during the festival sessions, good quarterly results and stable oil and USDINR have added fuel in the market," he added.</p>.<p class="bodytext">Bourses in Hong Kong, Seoul and Tokyo were trading on a positive note, while those in Shanghai were in the red.</p>.<p class="bodytext">On Wall Street, stock exchanges finished in the green on Wednesday.</p>.<p class="bodytext">The rupee, meanwhile, appreciated 6 paise against the US dollar to trade at 70.83 in early session.</p>.<p class="bodytext">Brent futures, the global oil benchmark, rose 0.35 per cent to USD 60.45 per barrel.</p>