Sensex Surges 226 Pts in Early Trade, Nifty Regains 8,300-mark

Firming trend at other Asian markets amid overnight rally in the US as crude oil steadied, buoyed sentiments.

Published: 09th January 2015 10:17 AM  |   Last Updated: 09th January 2015 10:27 AM   |  A+A-


MUMBAI: The benchmark BSE Sensex spurted by over 226 points to 27,501.51 and the NSE Nifty regained the 8,300-mark in early trade today on the back of gains in metal, healthcare and IT stocks amid a firming trend at other Asian markets.    

The 30-share index, which had gained 365.89 points in the previous session, rallied by 226.80 points, or 0.83 per cent, to 27,501.51.           

All sectoral indices were trading in positive zone with gains up to 1.10 per cent. Also, the National Stock Exchange index Nifty reclaimed the 8,300-mark by jumping 68.70 points, or 0.83 per cent, to 8,303.30.    

Brokers said value buying in bluechips by participants which became attractive after recent losses and firming trend at other Asian markets amid overnight rally in the US as crude oil steadied, buoyed sentiments.    

Besides, a substantial gain of 32 paise in the local currency and expectations of encouraging third quarter earnings by Infosys, to be released later in the day, also supported the upside.Shares of Infosys were trading 1.11 per cent higher at Rs 1,996.55 in early trade.       

Among Asian markets, Hong Kong's Hang Seng was higher by 1.06 per cent, while Japan's Nikkei moved up by 0.51 per cent in opening trade.            

The US Dow Jones Industrial Average ended 1.84 per cent higher in yesterday's trade.

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