Sensex up 205 pts, Nifty crosses 4,200
The BSE-30 share index recovers by 205.10 points on fresh buying by funds in the first five minutes of trade.business Updated: Jun 11, 2007 11:42 IST
The Bombay Stock Exchange benchmark Sensex recovered by over 205 points in early trade on Monday on fresh buying by funds as well as investors in tandem with firming global trends.
The BSE-30 share index, Sensex, which had lost over 500 points last week, was up by 205.10 points at 14,268.91 in the first five minutes of the trade, following a significant rise in heavy-weight stocks buying.
Similarly, the wide-based National Stock Exchange's index Nifty regained 4,200 points mark to quote 60.20 points higher at 4,205.20.
Stock brokers said firming global stock markets mainly influenced the trading sentiments here, triggering all-round buying.
They said fall in inflation to 4.85 per cent for the week ended on May 26 too acted as a positive factor.
Major supporters to the Sensex were Reliance Industries, Reliance Communications, Reliance Capital, State Bank of India, HDFC Bank, HDFC Ltd, ONGC and ICICI Bank.