Sensex rallies by 300 points in morning deals
The benchmark S&P BSE Sensex surged 300 points in morning trade on Monday, triggered by firm global cues after an accord was reached to limit Iran's nuclear programme. Rupee advances 37 paise to 62.50 against dollarbusiness Updated: Nov 25, 2013 12:01 IST
The benchmark S&P BSE Sensex surged 300 points in morning trade on Monday, triggered by firm global cues after an accord was reached to limit Iran's nuclear programme.
The 30-share index opened higher at 20,326.66 and firmed up further to 20,533.28 before quoting 20,516.50 points at 1030 hours. It gained 299.39 points, or 1.48%, from the previous close.
There was buying in banking, capital goods, realty, FMCG, metal and PSU sector stocks.
The 50-share CNX Nifty moved up 91.20 points, or 1.52%, to 6,086.65 at 1030 hours.
The major gainers were ICICI Bank (3.52%), Larsen & Toubro (2.8%), Sesa Sterlite (2.32%), HDFC Bank (2.30%), Hero MotoCorp (2.23%), Tata Motors (2.09%) and ITC (2.01%).
Asian stocks rose in early trade. Key indices in Taiwan, Hong Kong, Indonesia, Japan, Singapore and South Korea rose by 0.17% to 1.31%. China's Shanghai Composite rose 0.32%.
Iran reached a deal with world powers in Geneva on Sunday to slow it's controversial nuclear programme in return for about $7 billion in sanctions relief.