STOCK MARKET BSE NSE

Sensex Surges 412 Points in Late Morning Deals

Market benchmark Sensex surged by 412 points in late morning.

Published: 22nd January 2016 09:59 AM  |   Last Updated: 22nd January 2016 11:43 AM   |  A+A-

Sensex_Reuters

Bombay Stock Exchange (File|Reuters)

By IANS

MUMBAI: Market benchmark Sensex surged by 412 points in late morning deals on value-buying in most of the sectors led by metals, banks, auto, oil&gas, consumer durables and healthcare sectors on the back of higher Asian cues.

Overnight gains in US stocks and rise in crude oil also lifted market mood.

The BSE Sensex opened higher at 24,122.06 and traded between 24,375.07 and 24,120.04, before quoting 24,374.26 at 1100 hours, up 412.05 points or 1.72 per cent.

The NSE Nifty was also trading well above 7,300-level, higher by 121.40 points or 1.67 per cent to 7,398.20.

Major gainers were GAIL up 6.39 per cent, SBI 4.48 per cent, Axis Bank 4.12 per cent, NTPC 3.84 per cent, Tata Steel 3.69 per cent, Tata Motors 3.58 per cent, Maruti 3.34 per cent and Coal India 3.07 per cent.

Meanwhile, foreign portfolio investors sold shares worth Rs 1,747.23 crore yesterday, as per provisional data. Overseas, Asian were trading higher tracking overnight gains in the US.

Wall Street closed higher after a hint of more monetary easing by the European Central Bank (ECB) and a rebound in crude oil prices.   

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp