Sensex Ends 147 Points Up, NSE Nifty A Tad Above 8,150


MUMBAI: Extending gains for the fifth consecutive session, the S&P BSE Sensex ended the day 147 points higher at 26,932 after regaining its crucial level of 27,000 in the early trade, while the broader 50-share Nifty index settled at 8,152, up 33 points.  

Gains were however muted as benchmark indexes saw technical resistance at their respective 200-day exponential moving average while profit-taking after four consecutive days of gains also weighed.

Caution will prevail in the markets going ahead as Infosys is due to post its July-September results on October 12, unofficially kicking off the earnings reporting season.

"Follow up buying is somewhat missing after recent swift moves. The trend remains positive," said Deven Choksey, managing director at K R Choksey Securities.

Most Asian markets traded with gains. Japan's Nikkei ended the day higher by 1 percent while the South Korean Kospi closed with gains of 0.6 percent. Hong Kong's Hang Seng index was trading with mild losses. Chinese market remain close for the day on account of public holiday.

The U.S. Dow Jones Industrial Average ended 1.85 percent higher in Monday's trade on speculations that disappointing economic data might push the Federal Reserve to delay any plans to hike interest rates until December.

Source: PTI