BSE Sensex zooms over 285 points; Nifty reclaims 5,700 level
Zee Media Bureau/Ajeet Kumar/Reema Sharma
Mumbai: Extending gains for third straight session, the BSE benchmark Sensex zoomed over 285 points in closing hour of trade Tuesday on sustained funds buying amid firming Asian trend.
The 30-share index rose 285 points to 19,232 with realty, banking, Auto and power sectors stocks leading the rise. The index had gained 282.10 points in the last two sessions.
The wide-based National Stock Exchange index Nifty also gained by 88 points to 5,700.
According to market experts, sustained buying supported by strong trend in Asian markets led to rise in Indian stock prices.
Top gainers on BSE were NTPC (4.27%), ICICI Bank (3.43%), Bajaj Auto (3.27%), HDFC Bank (3.17%), Tata Motors (3.06%).
In the Asian region, Japan's Nikkei climbed 2.6 percent in light volume, rebounding after it fell to its lowest since end-June following Monday's slower-than-expected GDP data. Tuesday's gain took the index to just below its 13-week moving average.
Asian shares as measured by MSCI Asia-Pacific ex-Japan index rose 1.0 percent to a two-week high, extending Monday's gain on the back of last week's upbeat Chinese factory output data, while South Korean shares advanced 1.5 percent.