Mumbai: India’s benchmark equity indices closed at their highest in nearly a month with the Nifty breaching the psychologically important 7,900 mark, buoyed by firm world equities after robust US housing data indicated a strong recovery for the world’s largest economy.

BSE’s 30-share Sensex closed 2.28%, or 575.70 points, higher at 25,881.17 points, while National Stock Exchange’s 50-share Nifty closed 2.40%, or 186.05 points, higher at 7,934.90 points. It was the biggest gain in percentage terms for both these indices since 1 March, and the highest close since 27 April.

MUMBAI: The Sensex inched lower by about 38 points in early trade on Tuesday on sustained selling by funds and retail investors, tracking losses in global markets amid fears of a possible hike in US interest rates.

Besides, a further depreciation in the rupee, which fell 18 paise to over 2-1/2 month low of 67.67 against the dollar, weighed on sentiment.

The benchmark Sensex rebounded by over 217 points and the Nifty took back the 7,800-mark in the beginning of the session on Monday, snapping its three-session losing spell, driven by value-buying by retail investors amid a firm trend in Asian bourses.

The 30-share barometer surged 217.36 points, or 0.85%, to 25,519.26, with all sectoral indices led by FMCG, metal and realty stocks, in the green, rising by up to 2.85%.

The BSE Sensex and NSE Nifty fell for the third consecutive day on Friday on account of weak European cues coupled with tighter P-Note norms. Sensex closed 97.82 points down at 25301.90 while Nifty 50 index settled 33.70 points down at 7,749.70.

Traders also remained cautious on Friday over the possibility of an interest rate hike by the US Federal Reserve as early as June

MUMBAI: Market benchmark Sensex recovered over 99 points and its NSE counterpart Nifty retook the 7,800-mark in early session on Friday on a fresh spell of buying in select blue-chips even as regulator Sebi tightened its guidelines to check any misuse of P-Notes.

A firming trend in rest of Asia lifted sentiment here, brokers said.

The benchmark BSE Sensex lost 133 points to 25,571.97 in early trade on Thursday on sustained fund outflows amid weak trend at other Asian markets.

Besides, depreciating rupee to a two-month low of 67.20 against the US dollar also had a bearing on the sentiment.

Market benchmark BSE Sensex fell over 210 points in early trade on Wednesday due to profit-booking by investors after recent gains amid weak cues from Asian markets.

Moreover, the rupee, which weakened for the fifth day against the dollar, also had its bearing on domestic equities.

The benchmark BSE Sensex rallied over 167 points to 25,820.45 and the NSE Nifty regained the 7,900-mark in cautious trade on Tuesday amid firm global cues.

The 30-share index rose 167.22 points or 0.42% to 26,415.52. The gauge had gained 163.66 points in the previous session.

Domestic benchmark indices BSE Sensex and NSE Nifty slipped over a percentage point on Friday after industrial production in March plunged to 0.1 per cent amid weak global cues. The 30-share index closed 300.65 points down at 25,489.57, while Nifty 50 index settled 85.50 points down at 7,814.90.

Among the 30 stocks in the BSE Sensex, 27 ended the day in red with Adani Ports falling the most — 3.48 per cent to Rs 188.40, it was followed by HUL (down 2.58 per cent), BHEL (down 2.50 per cent), HDFC (down 2.46 per cent) and Tata Steel (down 2.31 per cent).

Leading bourse the National Stock Exchange (NSE) will auction investment limits for overseas investors on May 16, for purchase of government debt securities worth Rs 3,340 crore.

The auction will be conducted on NSE’s ebid platform from 1530 hours to 1730 hours, after the close of market hours, the exchange said in a circular today.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.