Sensex soars over 300 points in early trade

Last Updated: Thursday, August 20, 2009 - 10:56

Mumbai: The Bombay Stock Exchange index Sensex surged by over 300 points in early trade on Thursday on heavy buying by funds at existing attractive levels following firming global trends.

The 30-share index rose by 307.36 points, or 2.07 percent, to 15,117.00 points with most of the sectoral indices
gaining up to 2.25 percent. The BSE barometer had lost almost
225 points in the previous session.

The wide-based National Stock Exchange index Nifty
climbed 82.20 points, or 1.87 percent, to 4,476.30 points.

Brokers said buying activity on the domestic markets
emerged largely on the back of firming trend at other Asian
equity markets, which were up by almost 2.10 per cent in the
morning trade.

Among major gainers, Reliance Industries rose by 1.60 percent to Rs 1,913.50, Reliance Infra by 2.24 percent at Rs 1,104.80, RCom by 2.14 percent at Rs 245.40, ONGC Corp by 2.38 percent to Rs 1,185.20, Infosys by 1.93 percent at Rs 1,988.30, Tata Steel by 2.61 percent to Rs 445 and SBI by 2.61 percent to Rs 1735.25.

The Japan`s benchmark Nikkei index surged by nearly 1.16
per cent, Hong Kong`s Hang Seng index climbed nearly 1.66 per
cent, while Shanghai index was up by 2.10 per cent in the
morning trade.

Bureau Report



First Published: Thursday, August 20, 2009 - 10:56
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