Sensex surge 151.37 points in early trade
The BSE, which had been volatile recently, crossed 12,500 points for the first time to trade 151.37 points.india Updated: May 08, 2006 10:26 IST
The benchmark index rose by over 151 points in first five minutes of trading on the Bombay Stock Exchange on Monday on the back of funds buying in heavy-weighted blue chip stocks.
The BSE, which had been volatile recently, crossed 12,500 points for the first time to trade 151.37 points higher at 12,511.07.
The Sensex's previous intraday high of 12,482.91 points reached on May 4.
Similarly, the Nifty index on the wide-based National Stock Exchange was up by 44.60 points at 3708.55, a new intraday high.
Shares of index-heaviest Reliance Industries continued to remain in the limelight largely on the back of company's strong fundamentals and gathered another Rs 45.50, or nearly 4 per cent at Rs 1145.
Tata Motors, influenced by favourable corporate reports traded Rs 14 higher at Rs 982.
Other major gainers were ONGC, ACC, Grasim Industries, State Bank of India, Bajaj Auto, Maruti Udyog, Dr Redddy and Tata Consultancy.