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Closing Trade: Sensex Up 248 Points, Nifty Ends Above 11,900

The market is witnessing a board-based rally expecting better outlook for the economy in the next one-two quarter.

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The benchmark BSE Sensex gained on Monday, 27 May, at the closing bell. The Nifty ended above 11,900 points and Sensex up by 248 points. The Sensex was up at 39682.29 while the Nifty was at 11924.80 at closing bell.

The benchmark BSE Sensex jumped over 100 points in early trade on Monday driven by gains in banking stocks amid unabated foreign fund inflow.

The 30-share index was trading 128.27 points, or 0.33 percent, higher at 39,562.99. Similarly, the broader NSE Nifty spurted 28.75 points, or 0.24 percent, to 11,872.85.

Top Sensex gainers include NTPC, Tata Steel, Yes Bank, SBI, PowerGrid, L&T, M&M, ITC, HDFC Bank, Maruti, Axis Bank, Infosys, HDFC twins and ICICI Bank, rising up to 4.53 per cent. While, Bharti Airtel, Asian Paints, IndusInd Bank, RIL, Tata Motors, ONGC and Sun Pharma fell up to 1.63 percent.

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In the previous session on Friday, 24 May, the Sensex shot up 623.33 points, or 1.61 percent, to end at 39,434.72, while the broader NSE Nifty surged 187.05 points, or 1.60 percent, to 11,844.10.

The market is witnessing a board-based rally expecting better outlook for the economy in the next one-two quarter, experts said.

Domestic and foreign investors have been euphoric ever since Prime Minister Narendra Modi on Thursday, 23 May, led the Bharatiya Janata Party (BJP) to a thumping victory for a second term in office.

(With inputs from PTI)

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Topics:  Nifty   BSE Sensex   Bombay Stock Exchange 

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