Sensex up 169 points on heavy FII inflows, easing oil prices

Mumbai: Strong FII inflows amid firm global trends and easing oil prices pushed up the BSE Sensex for the seventh day in a row today to over 19,290, up 169 points.
FIIs have pumped in Rs 4,343.34 crore (close to USD 1 billion) in last six trading sessions to March 29.
Interest rate sensitive counters from consumer durables, realty, banking and auto segments attracted good buying on easing global crude oil prices, after they recently touched 2-1/2-year highs.
The fall has eased concerns of inflation and a sharp hike in interest rates, marketmen said.
Banking counters remained in the limelight resulting in the sectoral bankex notching up sharp gains of about 10 per cent in the last seven trading sessions.
Second-line stocks outperformed Sensex on renewed participation of retail investors after a gap of several days.