Sensex up over 100 points; hovering above 19,400
The BSE benchmark Sensex advanced by 105 points in mid-session trade Friday on all-round buying from operators on the back of firm Asian cues.
Mumbai: The BSE benchmark Sensex advanced by 105 points in mid-session trade Friday on all-round buying from operators on the back of firm Asian cues.
Shares of refinery, power, PSU, metal, IT and realty firmed up on renewed demand.
IT stocks rose on hopes that the US lawmakers will try to reach a deal to break the budget impasse before the end of the year.
The BSE-30 share index resumed higher at 19,364.08 and shot up further to 19,445.04 before quoting 19,428.73, showing a gain of 104.93 points, or 0.54 percent, from its last close.
The NSE-50 share index Nifty also moved up by 34.40 points, or 0.59 percent, to 5,904.50.
Major gainers were - Hindalco (2.54 percent), ONGC (2.45 percent), Maruti Suzuki (2.03 percent), Sterlite Ind (1.71 percent), Hero Motocorp (1.67 percent), NTPC (1.58 percent), Cipla (1.28 percent) and Reliance (1.21 percent).
Asian stocks were trading higher with Japanese shares poised for their biggest annual advance since 2005, after a report that the country's consumer prices fell fanned speculation that the central bank will respond to government calls for more asset purchases.
Key benchmark indices in China, Hong Kong, Indonesia, Taiwan, Japan and South Korea rose by 0.05 to 0.63 percent. Singapore's Straits Times fell by 0.14 percent.