Sensex soars to 14-month high; auto, realty lead rally

Nifty surged to a 14-month high, breaching 4,700 point level in pre-close trading today, on aggressive buying by major players in blue-chip stocks led by auto and realty. Sensex also rose to a 14-month high to 15,942.93 - a level last seen on June 6 last year.

The 50-share National Stock Exchange index Nifty surged to a 14-month high, breaching 4,700 point level in pre-close trading on Monday, on aggressive buying by major players in blue-chip stocks led by auto and realty.

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The Bombay Stock Exchange benchmark Sensex also rose to a 14-month high to 15,942.93, by gaining 272.62, or 1.5 per cent, a level last seen on June 6 last year.

The Nifty shot up by 84.40 points at 4,720.85 with most of the index-kitty stocks trading significantly higher.

The key indices rose to a 14-month high as encouraging corporate results beat analysts' estimates. Maruti Suzuki India advanced after it said it sold more vehicles last month.