Sensex surges 375 pts to 17,353
Sensex surges by 375 points on heavy buying, mainly in stocks of capital goods, oil and gas and realty companies.Updated: May 15, 2008, 16:51 IST
The Bombay Stock Exchange benchmark Sensex on Thursday surged by 375 points on heavy buying, mainly in stocks of capital goods, oil and gas and realty companies.
The 30-share index, which rose by 225.49 points in previous day's trading, advanced further by 375.19 points at 17,353.54 after touching the day's high of 17,366.19 and low of 17,079.94.
Wide-based National Stock Exchange's Nifty rose by 103.50 points at 5,115.25. It touched the day's high of 5,118.55 and low of 4,999.60 points.
The major support to the market came from heavy machinery companies as capital goods sector gained the most by 454.74 points at 13,600.80, followed by metal sector index by 305.19 points at 16,740.37.
Oil and gas index rose by 288.84 points at 11,205.76, realty index rose by 264.87 points at 8,042.52, banks index by 209.49 points at 8,806.01, information technology index by 59 points at 4,486.36 and PSU index by 122.08 points at 7,762.62.
As the buying activity spilled over a wide-front, smallcap index rose by 111.92 points at 8,546.41 and midcap index by 90.44 points at 7,080.25.