Sensex zooms over 800 points, Nifty reclaims 11,900-mark
New Delhi | Jagran Business Desk: The benchmark Sensex surged by over 800 points on Tuesday led by gains in index-heavyweights Reliance Industries, HDFC twins and ITC amid firm global cues.
Reclaiming the 40,000-mark, the 30-share Sensex was trading 804 points high at 40,676 while Nifty gained 236 points at 11,944 points at 11:56 am.
Earlier today, Sensex had opened 438 points high at 40,310 while Nifty while Broader NSE advanced 120.15 points, to 11,828.05.
Gainers in the Sensex pack include Hero MotoCorp, ICICI Bank, HDFCBank, ITC, Tata Steel rising up to 3.35 per cent. On the flipside, Bharti Airtel, Hindustan Unilever and Bajaj Auto slipped up to 3.09 per cent.
In NSE, Bajaj Finserv was the top gainer in the NSE pack, Bajaj Finserv gained 4.06 per cent followed by HeroMotoCorp, ICICI Bank, Hindalco and Tata Steel gaining up to 3.63 per cent.
Meanwhile, on a net basis, domestic institutional investors purchased shares worth Rs 1,286.63 crore on Monday, while foreign institutional investors sold equities worth Rs 1,200.27 crore, a provisional data showed.
According to analysts, market finding some ground after a disappointing Union Budget. Besides, manufacturing activity hitting an eight-year high eased investor concerns over economic recovery.
Further, positive opening of other Asian stocks too buoyed domestic benchmarks, traders said.
Brent crude oil futures rose 0.51 per cent to USD 54.73 per barrel.
Rupee gained 17 paise to 71.20 against the US dollar.
On Monday, Equities benchmark BSE Sensex ended 137 points higher led by gains in HUL, ICICI Bank and Asian Paints amid broad-based buying in the market.
Indian markets traded volatile in the first session of the week with investors assessing the implications from budget, said Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers.
Markets turned positive in the afternoon session after a monthly survey said the country's manufacturing sector activity climbed to a near eight-year high in January, he added.
(with PTI input)
Posted By: James Kuanal