Sensex surges 202 points, Nifty regains 5K mark in early trade
The 30-share index rose by 202.61 points to 16,895.61 points in opening trade, after recording losses in the previous session, as foreign funds pumped in fresh money, driven by firming trends in other Asian bourses and an overnight rally in the US market.business Updated: Sep 29, 2009 11:57 IST
The Bombay Stock Exchange benchmark index Sensex on Monday shot up by 202 points in early trade, after recording losses in the previous session, as foreign funds pumped in fresh money, driven by firming trends in other Asian bourses and an overnight rally in the US market.
The 30-share BSE Sensex rose by 202.61 points, or 1.19 per cent to 16,895.61 points in opening trade with all the sectoral indices trading in positive zone with gains up to 1.64 per cent. The BSE barometer had lost 88.43 points in the previous session on Friday. The market remained closed yesterday on account of "dussehra".
The wide-based National Stock Exchange index Nifty moved up by 57.80 points, or 0.92 per cent to trade above the 5,000-mark at 5,016.75.
Stock brokers said fresh spell of buying by foreign funds bolstered by firming trends in the global markets, influenced trading sentiments on the domestic bourses.
Shares of Bharti Airtel evoked brisk speculative support and traded 2.50 per cent higher at Rs 424.70.
Shares that gained on the exchange included, Reliance Industries that was up 0.82 per cent to Rs 2,147.20, Reliance Infra rose 0.89 per cent to Rs 1,217.80, Rcom 1.09 per cent to Rs 304.85, Infosys Technologies 1.68 per cent to Rs 2,283, Tata Consultancy Services 1.47 per cent to Rs 595.70 and Wipro 1.17 per cent to Rs 573.80.
Further, DLF Ltd gained 1.02 per cent at Rs 431.10, Hindalco 1.54 per cent at Rs 128.60, Sterlite Industries 0.83 per cent at Rs 756.60 and ICICI Bank 1.99 per cent at Rs 855.25.
The US Dow Jones Industrial Average closed 1.28 per cent higher in yesterday's trading, while Hong Kong's Hang Seng Index rose almost 2.2 per cent and Japan's Nikkei was up by 0.95 per cent in the morning trade on Monday.