Mkts remain bullish, Sensex up 417 pts | business | Hindustan Times
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Mkts remain bullish, Sensex up 417 pts

The 30-share Bombay Stock Exchange index adds another 417.74 pts to record a new high of 18,660.32 at closing.

business Updated: Feb 04, 2008 20:04 IST

The markets maintained its rally for the second straight session on Monday, with the benchmark Sensex surging by over 417 points on heavy buying in fundamentally strong stocks following positive global cues.

The 30-share Bombay Stock Exchange Sensex, which had surged over 594 points on Friday, added another 417.74 points on Monday at 18,660.32.

The index touched the day's high of 18,895.34 and a low of 18,439.33 points.

The 50-share National Stock Exchange index Nifty shot up by 146.25 points to 5,463.50. It touched the day's high of 5,545.20 and a low of 5,315.55 points.

Realty, metals, capital goods, refinery and banking segment stocks witnessed major buying support.

Trading sentiment turned bullish following a rise in global stock markets after reports of a rise in US manufacturing last month. The increase manufacturing eased the concerns of world's biggest economy falling into a recession.

Realty stocks gained the most as the segment index rose by 644.13 points at 10,513.46, followed by metal index by 528.03 points at 16,438.19. Capital goods index rose by 362.90 at 16,797.31 and PSU index by 281.39 points at 8,658.29.

Oil and gas index rose by 270.51 points at 11,293.36, banking index by 220.64 points at 11,110.91, teck index by 153.23 points at 3573.55, Information Technology index by 163.34 points at 4,097.61 and auto index by 102.83 points at 5107.70.