The benchmark BSE Sensex kept its winning run going for the fourth straight day on Tuesday, closing 92 points higher as it tracked gains on other Asian bourses. Sentiment in the Asian markets was positive as China revealed its future economic agenda including further opening up of economy and lowering import tariffs on certain goods, PTI reports.
Chinese President Xi on Tuesday pledged to lower auto import tariffs, protect the intellectual property of foreign companies and further open the world’s second largest economy.
The BSE Sensex opened higher on Tuesday and went further to hit a high of 33,949.98. The gauge finally settled 91.71 points, or 0.27%, higher at 33,880.25. The broader NSE Nifty also ended above the key 10,400-mark, gaining 22.90 points or 0.22% at 10,402.25.
Furthermore, widening of bets by investors amid optimism ahead of earnings season, to begin later this week, also supported the uptrend, brokers said.
Persistent capital inflows by domestic institutional investors and retail investors kept the market in fine nick, analysts said.
Domestic institutional investors picked shares worth a net Rs 359.35 crore while foreign portfolio investors sold shares worth a net Rs 1,300.93 crore on Monday, as per provisional data.