Sensex records best month in three years
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Sensex records best month in three years

By Reuters

  • 29 Mar 2019
Sensex records best month in three years
Credit: Reuters

Indian shares settled higher on Friday, posting their best month since March 2016, amid strong foreign fund inflows on expectations that the current coalition government would return for a second term.

Foreign investors have bought equities worth a net $4.38 billion this month, the highest since March 2017, after 2018's net outflows of $4.4 billion.

Investors now await cues from the corporate results season, which is set to start from mid-April.

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The broader NSE Nifty closed 0.47 percent higher at 11,623.90, while the benchmark BSE Sensex was up 0.33 percent at 38,672.91.

For the week, both indexes ended up over 1 percent each.

In March, the NSE Nifty snapped three monthly declines to finish 7.7 percent higher, while BSE Sensex settled 7.82 percent firmer.

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The Nifty Metals index closed 2.37 percent higher, with Steel Authority of India Ltd finishing 6.02 percent stronger.

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