Sensex regains 10K level; up 450 pts at midsession

The 30-share index, which had been on a falling streak for the last few sessions, bounces back by 450.18 points at 10,425.53.

The Bombay Stock Exchange benchmark Sensex rose by over 450 points at midsession on Monday as investors picked up battered software and banking stocks, considering them a better buy.

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The 30-share index, which had been on a falling streak for the last few sessions and pierced through a psychological 10,000 mark, bounced back by 450.18 points at 10,425.53 at 1230 hrs.

Similarly, the wide-based National Stock Exchange index Nifty shot up by 130.55 points at 3,204.90 at the same time as almost all the index-related stocks recorded handsome gains.

Stocks of IT sector moved up by 201.40 points at 2,738.67 and banking sector index by 231.41 points at 5,778.10.

Some of the heavy-weight metal stocks also led to the upward movement on the bourses.