Sensex surges over 400 points on strong buying support, reclaims 28,000-mark
Buoyed over strong buying support across sectors, the benchmark index Sensex soared over 419 points to reclaim the 28,000-mark, coupled with positive global cues during the mid-afternoon session on Tuesday.
Consequently, the key indices traded with gains of almost a percentage each, as healthy buying was witnessed in automobile, banking and healthcare stocks and a slew of positive results including from property firm, DLF Ltd, lifted the sentiment.
At 2.50 pm, the 30-share BSE index Sensex was trading higher by 419.01 points or 1.5 per cent at 28,321.67 and the 50-share NSE index Nifty was trading up by 129.5 points or 1.5 per cent at 8,736.95.
The Sensex touched a high of 28,334.34 and low of 28,010.66.
The BSE 30-share barometer, which had gained 120.41 points in yesterday’s trade, advanced by 176.95 points, or 0.63 per cent, to 28,079.61.
All sectoral indices led by auto, oil and gas and healthcare stocks were trading in the green, gaining up to 0.95 per cent.
Also, the NSE Nifty climbed 51.25 points, or 0.59 per cent, to 8,658.70.
Brokers said sustained buying by investors coupled with fresh round of buying by foreign as well as domestic financial institutions had a positive impact.
A firm trend at other Asian bourses following a strong lead from Wall Street too influenced sentiment, they added.
Japan’s Nikkei was up 0.03 per cent while Singapore rose 0.16 per cent in early trade today. Hong Kong’s Hang Seng up 0.68 per cent and Shanghai Composite gained 0.04 per cent.
The US Dow Jones Industrial Average ended 0.58 per cent higher yesterday.