INSUBCONTINENT EXCLUSIVE:
On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 811.52 crore.The domestic stock markets closed with gains for a
third straight day on Wednesday
The SP BSE Sensex closed 203.81 points or 0.57 per cent higher at 35,716.95, while the broader Nifty50 barometer of the National Stock
Exchange (NSE) settled at 10,728.85, up 43.25 points or 0.40 per cent
The top gainers on the 50-scrip Nifty were Tata Consultancy Services (TCS), Infosys, Reliance Industries, Zee Entertainment and IndusInd
Bank, which gained between 5 per cent and 1.9 per cent
Nineteen out of 50 Nifty stocks finished with gains
On the 30-share Sensex, gains were led by TCS, Infosys and Reliance Industries
- the index of government-run banks - were the major drags, closing 1 per cent and 1.97 per cent lower, respectively."Markets are stronger
due to the way crude prices have corrected, the way rupee has strengthened in the last couple of weeks, and hopes that a trade truce between
US and China could come out of the G20 summit," news agency Reuters reported Hitesh Agarwal, EVP and head - retail research, Religare
Oil prices have lost around 30 per cent in value since early October, weighed down by an emerging supply overhang and by widespread weakness
in financial markets.On a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 811.52 crore and domestic institutional
investors (DIIs) were net buyers to the tune of Rs 31.21 crore, provisional data available with NSE suggested.Meanwhile, the outlook for
domestic stocks for 2019 has been downgraded for the first time this year, according to a Reuters poll of strategists who expect the market
to recoup its recent losses only once uncertainty around next year's elections fade.The BSE Sensex, has fallen about 10 per cent since
hitting a life-high of 38,989.65 on August 29.(With agency inputs)
