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12.20 pm: Sensex soars 189 pts

The benchmark BSE index maintains its upward momentum on the back of all-round buying in heavyweight stocks.

india Updated: Oct 16, 2006 12:40 IST

Continuing its firm trend for the third straight session on Monday, the benchmark index was trading at 188.62 points above its previous session's close at 12.20 pm on the Bombay Stock exchange, driven by rally in blue-chip stocks on buying by foreign funds.

The BSE 30-share index, Sensex, which had closed over 198 points higher on Friday, was up by 188.62 points at 12,925.04, another new high.

Similarly, the Nifty index on the National Stock Exchange gained 48.40 points at 3,724.45.

Stock brokers said apart from firming global markets, expectations of encouraging quarterly results, also buoyed the trading sentiments.

Major gainers: Hindalco (Rs 180.60), HDFC Bank (Rs 1,018.50), TCS Ltd (Rs 1,135.60), Infosys Technologies (Rs 2,141.50), ITC Ltd (193.50), Larsen & Toubro (Rs 1,293.50), Reliance (Rs 1,210.90), Satyam Computers (Rs 434.15), ONGC (Rs 1,173.20), Wipro Ltd (Rs 566.50).

First Published: Oct 16, 2006 12:40 IST