Sensex soars over 300 points in early trade
The 30-share index rose by 307.36 points to 15,117.00 points in early trade on heavy buying by funds at existing attractive levels following firming global trends.business Updated: Aug 20, 2009 10:57 IST
The Bombay Stock Exchange index Sensex surged by over 300 points in early trade on Thursday on heavy buying by funds at existing attractive levels following firming global trends.
The 30-share index rose by 307.36 points, or 2.07 per cent, to 15,117.00 points with most of the sectoral indices gaining up to 2.25 per cent. The BSE barometer had lost almost 225 points in the previous session.
The wide-based National Stock Exchange index Nifty climbed 82.20 points, or 1.87 per cent, to 4,476.30 points.
Brokers said buying activity on the domestic markets emerged largely on the back of firming trend at other Asian equity markets, which were up by almost 2.10 per cent in the morning trade.
Among major gainers, Reliance Industries rose by 1.60 per cent to Rs 1,913.50, Reliance Infra by 2.24 per cent at Rs 1,104.80, RCom by 2.14 per cent at Rs 245.40, ONG Corp by 2.38 per cent to Rs 1,185.20, Infosys by 1.93 per cent at Rs 1,988.30, Tata Steel by 2.61 per cent to Rs 445 and SBI by 2.61 per cent to Rs 1735.25.
The Japan's benchmark Nikkei index surged by nearly 1.16 per cent, Hong Kong's Hang Seng index climbed nearly 1.66 per cent, while Shanghai index was up by 2.10 per cent in the morning trade.