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Sensex surges 364 points at midsession

The Bombay Stock Exchange benchmark Sensex spurted by 364 points at midsession on buying in banking and realty stocks by funds amid firming global trend.

business Updated: Feb 03, 2010 13:08 IST

The Bombay Stock Exchange benchmark Sensex spurted by 364 points at midsession on Wednesday on buying in banking and realty stocks by funds amid firming global trend.

The Sensex rose by 364.60 points to 16,528.40 points at 1230 hrs. The 30-share index had opened higher by 134 points.

The National Stock Exchange index Nifty raised by 112.10 points to 4,942.20 at the same time.

Marketmen said firming trend in Asian stock and commodity markets drove the buying on the domestic markets.

Among major gainers, ICICI Bank rose by 2.78 per cent to Rs 840, HDFC Bank by 2.02 per cent to Rs 1,617 and State Bank of India by 1.10 per cent to Rs 1,995.50.

The heaviest on the Sensex, Reliance Industries, rose by 1.79 per cent to Rs 1,045. Infosys gained 2.15 per cent to Rs 2,490. Both the scrips carry nearly 23 per cent weightage on the key index.