Sensex jumps 206 pts; Nifty regains 5,000 level
The BSE benchmark Sensex rose by over 206 points in early trade on Thusday on funds buying propelled by hopes of better quarterly results and a firming trend on other Asian bourses.business Updated: Jan 19, 2012 10:13 IST
The BSE benchmark Sensex rose by over 206 points in early trade on Thusday on funds buying propelled by hopes of better quarterly results and a firming trend on other Asian bourses.
The wide-based Nifty of the National Stock Exchange regained the psychological 5,000 points mark rising by 57.05 points, or 1.15 per cent to 5,012.85, for the first time since December 8 last year.
The 30-share Sensex, which had lost 14.58 points in the previous session, surged by 206.02 points, or 1.25%, to 16,657.49.
Brokers said sentiments on the domestic boures buoyed in line with a firming trend in other Asian markets following overnight gains in the US after surprisingly strong housing figures and International Monetary Fund's plan to expand its lending resources to counter Europe's debt crisis.
Expectations of encouraging third quarter earnings by corporates also triggered buying activity, they added.
In Asia, Hong Kong's Hang Seng Index rose by 0.75% and Japan's Nikkei Index by 0.54% in morning trade on Thursday.
The US Dow Jones Industrial average ended 0.78% higher on Wednesday.
First Published: Jan 19, 2012 10:11 IST