Sensex regains 15K level, up 623 pts in early trade
Sensex regained the 15K level and surged by 623 points in early trade on heavy buying by foreign funds and retail investors.Updated: Sep 08, 2008, 10:36 IST
The Bombay Stock Exchange benchmark Sensex regained the 15K level and surged by 623 points in early trade on Monday on heavy buying by foreign funds and retail investors after the Nuclear Suppliers Group gave go-ahead for resumption of nuclear cooperation with India.
The 30-share index, which lost 415.27 in previous trading session, moved up by 623.18 points, or 4.28 per cent at 15,107.01, following a significant rise in capital goods sector index, which shot up by over 825 points to 12,805.88.
Similarly, the wide-based National Stock Exchange index, Nifty rose by 205.70 points at 4,558.00 after most of the NSE-50 stocks were trading in positive zone.
Marketmen said sentiments turned bullish after Nuclear Suppliers Group (NSG) on Saturday gave a go-ahead for resumption of nuclear cooperation with India.
Major gainers were Larsen and Toubro, which rose by Rs 164.75 at Rs 2,781, BHEL by Rs 123.25 at Rs 1,855, Areva by Rs 152.10 at Rs 1,777.05, Siemens by Rs 25.65 at Rs 573 and Reliance Infra by Rs 30.25 at Rs 929.
Other firm stocks were Reliance Industries, ONGC, RCom, State Bank of India, ICICI Bank, HDFC Bank, HDFC Ltd, Infosys Technologies, Tata Consultancy Services, Wipro, Satyam Computers, Tata Steel and Ranbaxy.
Meanwhile, Hong Kong's Hang Seng index was trading sharply higher by nearly 900 points, or 4.5 per cent in early trade.