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News Business As Modi Cabinet takes charge, Sensex crosses 40,000-mark, Nifty tops 12,000

As Modi Cabinet takes charge, Sensex crosses 40,000-mark, Nifty tops 12,000

​Optimism over Prime Minister Narendra Modi's new cabinet drove the markets near its peak on Friday led by IT, banking and financial companies.  

As Modi Cabinet takes charge, Sensex crosses 40,000-mark, Nifty tops 12,000 Image Source : SENSEX, NIFTY As Modi Cabinet takes charge, Sensex crosses 40,000-mark, Nifty tops 12,000
IANS New DelhiPublished : May 31, 2019 16:41 IST Updated : May 31, 2019 16:41 IST

Optimism over Prime Minister Narendra Modi's new cabinet drove the markets near its peak on Friday led by IT, banking and financial companies.

At 9.54 a.m., the S&P BSE Sensex was trading 273.74 points or 0.69 per cent higher at 40,105.71. 

The Nifty was 87.40 points or 0.73 per cent up at 12,033.30.

On Thursday, Foreign Institutional Investors (FIIs) bought shares worth Rs 1,664.74 crore and Domestic Institutional Investors (DIIs) sold scrips worth 1,122.60.

Besides, investors will take cues from the GDP data for the fourth quarter and the financial year 2018-19, scheduled to be released later on Friday.

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