Advertisement

HindustanTimes Fri,26 Dec 2014

Sensex surges on hectic buying; up 192 points

PTI  Mumbai, April 30, 2014
First Published: 09:57 IST(30/4/2014) | Last Updated: 11:04 IST(30/4/2014)

The benchmark BSE Sensex surged 130.97 points in morning trade on Wednesday on hectic buying in key heavyweights of oil and gas, auto, power and FMCG sectors on good FII inflows, encouraging Q4 earnings and firm Asian cues.

Advertisement

The 30-share index opened higher at 22,517.63 and surged to 22,676.91. It quoted at 22,657.92 points at 10.05am, showing a sharp gain of 191.73 points, or 0.85%, from its last close.

The NSE 50-share Nifty also spurted 55.55 points, or 0.83%, to 6,770.80 at 10.05 hours in early trade.

Major gainers were GAIL (2.99%), Dr Reddy's (2.00%), RIL (1.96%), Tata Motors (1.80%), HDFC (1.57%) and ONGC (1.56%).

Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs. 287.98 crore on Tuesday, as per provisional data from the stock exchanges.

Asian stocks rose as investors weighed corporate earnings before the Bank of Japan and Federal Reserve report on monetary policy.

Key benchmark indices in China, Japan, Singapore and Indonesia rose 0.03-0.68% while indices in South Korea, Taiwan and Hong Kong were down 0.05-1.17%.


Advertisement
more from Business

Reliance Cap ropes in Japanese bank as partner

Firming up its plans to set up a bank, Anil Ambani-led Reliance Capital on Thursday roped in Japan’s Sumitomo Mitsui Trust Bank (SMTB) as a strategic partner and minority investor to collaborate on various businesses, including its proposed banking venture.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved