Sensex hits record 67k intraday on FPI buying

MUMBAI: Across-the-boardbuying lifted the sensex to above the 67,000 mark for the first time ever mid-session on Tuesday. The index closed lower at 66,795, up 205 points or 0. 3%, due to profit-taking. The Nifty gained 38 points or 0. 2% to close at 19,749 points.
A stable economy that’s attracting foreign funds and a steady flow of money from retail investors through the SIP route are helping the rally sustain, market players said.
The day’s gain was led by the foreign funds with the net inflow at Rs 2,116 crore, BSE data showed. Domestic funds, on the other hand, were net sellers at Rs 1,318 crore. So far in the month, foreign portfolio investors (FPIs) have been net buyers of stocks worth over Rs 36,000 crore, CDSL and BSE data showed.

In the last one month, thesensex has gained nearly 4,000 months on a closing basis, led mainly by technology stocks. This gain too came on the back of foreign fund buying worth about Rs 40,000 crore, official data showed.
The day’s rally added nearly Rs 2 lakh crore to investors’ wealth with BSE’s market capitalisation now at nearly Rs 303. 1 lakh crore.
During the day, an early rally in HDFC Bank took thebanking major’s market cap to close to software giant TCS’s. At close, however, HDFC Bank, which merged HDFC with itself, settled at a market value of Rs 12. 6 lakh crore, compared to TCS’s Rs 12. 8 lakh crore. The two now are the second and third most valued listed entities in India, led by Reliance at 19. 1 lakh crore. On Tuesday, RIL gained nearly 1% to close at Rs 2,822, its all-time high level.