Cheerful End To Samvat 2070, BSE Sensex Up 211 Pts At 1-Month High


MUMBAI: The Samvat year 2070 ended on a cheerful note with benchmark Sensex today surging over 211 points to end at one-month high on renewed optimism after Modi government announced a slew of economic reforms and hopes of the ongoing festive season giving boost to corporate earnings.

After gaining 576.31 points in the previous three sessions, the 30-share bluechip index continued its upmove and touched the day’s high of 26,818.33 before finally closing at 26,787.23 — up 211.58 points, or 0.80 per cent.

After reforms in oil and gas and coal sectors, increased capital infows on expectations that Modi government will accelerate economic reforms after stellar showing by the BJP in state Assembly elections and encouraging quarterly earnings by some bluechip firms, buoyed sentiments, traders said.

The National Stock Exchange index Nifty rose by 68.15 points, or 0.86 per cent to close at 7,995.90 after crossing 8,000-mark for the first time since September 30.

With markets ending positively on last day of the Hindu Samvat year 2070, the Sensex has risen by over 26 per cent during this period. Investor wealth of BSE listed stocks has soared by Rs 25 trillion to end at Rs 93.32 trillion.

Source: PTI