Sensex regains 28K-level, zooms by over 320 points; Nifty above 8,600-mark

Zee Media Bureau

The BSE Sensex reclaimed the 28,000-level by gaining over 300 points and NSE Nifty breached the 8,600-mark Friday on continued buying by investors ahead of IIP and inflation data scheduled to be released later in the day.

In the domestic market, the 30-share Sensex was trading 321.21 points, or 1.15 percent, higher at 28,180.81 today with all sectoral indices led by FMCG, metal, capital goods and bank stocks in the positive zone.

The gauge had gained 84.72 points in yesterday's trade.

The NSE Nifty also regained the crucial 8,600-mark by rising 84.20 points, or 0.98 percent, to 8,676.35.

Dealers said widening of positions by participants ahead of key economic data -- industrial production (IIP) for June and consumer price index (CPI) for July -- to be released after market closing today also added to the upbeat investor sentiment.

US stocks closed at record highs on Thursday as surging oil prices and strong earnings buoyed investor sentiment, giving a boost to Asian markets.

The Dow Jones industrial average (DJIA) rose 117.86 points, or 0.64 percent, to 18,613.52; the S&P 500 gained 10.3 points, or 0.47 percent, to 2,185.79 and the Nasdaq Composite Index added 23.81 points, or 0.46 percent, to 5,228.40.

With Agency Inputs