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Sensex gains 121 points


MUMBAI: The Bombay Stock Exchange 30-share sensitive index (Sensex) on Monday notched up 121 points to settle at a three-month high of 11313 on sustained foreign institutional investment inflows and firm Asian advices, even as retail investors took profits. Foreign institutional investors were consistent net buyers in both the Futures and the Cash segments last week, after heavy withdrawals in May.

The Sensex opened firm at 11221.86 and rallied smartly to the day's high of 11330.30 before closing at 11312.99, a net rise of 120.53 points or 1.08 per cent from last Friday's close. This was the highest closing since May 18.

On the National Stock Exchange, the S&P CNX Nifty improved by 38.75 points or 1.18 per cent to 3313.10. In Asian markets, the Nikkei closed up 292.09 points, the Hang Seng by 40.06 points and the Kospi by 3.01 points.

Commenting on the increase in FII activity in the last couple of weeks, analysts said India was still considered attractive for investments compared to other emerging markets — PTI

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