Sensex rises for 5th day, up 3.6k points from March 7 low – Times of India

MUMBAI: Rising for the fifth consecutive session, the sensex closed 936 factors up at 56,486 amid waning depth of foreign funds promote orders. With IT, FMCG and financials main, the sensex has added n early 3,650 factors since its seven-month closing low of 52,843 on March 7.
The day’s beneficial properties got here as there have been r eports about progress in diplomat-level talks between Russia and Ukraine to dealer a stop fireplace for the three-and-half-week-old struggle that has pushed the worldwide financial system into a brand new unsure zone, market gamers mentioned.
Nonetheless, recent Covid-induced lockdown in China has pushed international buyers to show cautious. They’re additionally ready for the US Federal Reserve to resolve on elevating rate of interest on the planet’s largest financial system for the primary time in over two years la ter within the week, analysts mentioned.
The day’s rally got here regardless of web promoting by international funds. Nonetheless, official knowledge confirmed that the day’s web outflow determine was Rs 177 crore, one of many lowest single-session outflow figures in current weeks. Up to now in 2022, international funds have web offered shares price over Rs 1 lakh crore, CDSL and BSE knowledge confirmed.

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