Mumbai: The BSE Sensex surged over 300 points in early trade and the Nifty
reclaimed the 10,300-level on fresh capital inflows by foreign funds
ahead of key IIP and inflation data to be released after market hours
today.
Asian markets too were trading in the green on strong
cues from Wall Street after a better-than-expected US jobs report on
Friday.
The 30-share Sensex rallied 301.55 points, or 0.90
per cent, to 33,608.69 in opening trade. The index had lost
44.43 points in the previous session on Friday.
All the sectoral
indices, led by IT, Teck, oil & gas, FMCG and realty sectors, were
trading in the green with gains up to 1.24 per cent.
The broader NSE Nifty rose 96.10 points, or 0.93 per cent, to 10,322.95.
Major gainers were ITC, Tata Steel, Sun Pharma,
Infosys, Wipro, Adani Ports, Bharti Airtel, HDFC, RIL, IndusInd Bank, M&M and L&T, rising up to 2.74.
Meanwhile, SBI dropped nearly 1 per cent to Rs 250.80.
Brokers said fresh buying by investors and foreign funds amid a firm trend in other Asian bourses improved market sentiment. The rupee too appreciated against the US dollar in opening trade.
On a net basis, foreign portfolio investors (FPIs) bought shares worth
Rs 550.36 crore while domestic institutional investors (DIIs) sold
shares worth Rs 65.00 crore on Friday, provisional data showed.
In the Asian region, Hong Kong's Hang Seng was up 1.68
per cent and Shanghai Composite Index rose 0.75 per cent,
while Japan Nikkei edged higher by 1.72 per cent in early trade.
Meanwhile, the US Dow Jones Industrial Average ended 1.77 per cent higher on Friday. PTI
