TIL Desk/Business/New Delhi/ The stock market closed on the upside today — marking it Day 5 — when upbeat Asian shares and a record close in the US created room for buoyancy. For the Sensex, it was an over two-week high of 33,562, fuelled by infrastructure, PSU and auto stocks. Telecom, metal and healthcare came as dampeners.
Domestic investors remained at the forefront of buying, but watched their steps after US Fed chief Janet Yellen’s comments that the central bank is still inclined to raise interest rates gradually as it seeks to balance the risks of moving too fast and moving too slow.
Asian markets extended a global rally following another record close on Wall Street on strong world growth and rising corporate earnings. Hong Kong stocks breached the 30,000 mark for the first time in 10 years. The BSE Sensex started off on a high, moving higher to 33,654.53, but then closed the session up 83.20 points, or 0.25 per cent at 33,561.55 — the highest closing since November 6. During the day, however, it moved into the loss zone for a while.
