After taking a day's breather, the benchmark BSE Sensex on Wednesday regained by 151.15 points to close at 28,223.08, nearly two-week high, helped by rise in services sector activity last month and positive global cues. Persistent foreign fund inflows also boosted sentiment.
“Buying interest in IT, healthcare, FMCG and auto counters alongside with recovery in realty space aided index to sustain at higher level,” said Jayant Manglik, President Retail Distribution of Religare Securities.
Services sector returned to growth in July, after two months of contraction, as new orders surged and hiring gathered pace to hit a two-year high rate, a survey showed.
The Nikkei India Services Business Activity Index increased to 50.8 in July from 47.7 in June, indicating the first rise in services activity in three months. Meanwhile, foreign investors bought shares worth Rs118.70 crore on Tuesday as per provisional data.