The Bombay Stock Exchange benchmark Sensex climbed 154 points in early trade today, marching towards regaining the psychological 15,000-point level, as buying activity picked up momentum driven by a strong rally in the global markets.
The Bombay Stock Exchange benchmark Sensex climbed 154 points in early trade today, marching towards regaining the psychological 15,000-point level, as buying activity picked up momentum driven by a strong rally in the global markets.
ADVERTISEMENT
The 30-share index, which had gained nearly 1,250 points in the past four sessions, moved up by 153.68 points to 14,994.31 in the first five minutes of trade.
Similarly, the wide-based National Stock Exchange index Nifty rose 56.50 points to 4,586.40. IT and auto sector stocks were major gainers attributing support to the Sensex.
Trading sentiment was largely buoyed by firming trends in the global markets on expectations of an economic recovery. Stock brokers said auto stocks are front-runners, after auto majors came out with encouraging sales figures for May.
The auto sector index rose 1.44 per cent to 4,767.50 points, with Tata Motors gaining 0.89 per cent at Rs 340.95, Bajaj Auto 1.83 per cent at Rs 1,073, Amtek Auto 2.52 per cent at Rs 154.50, Ashok Leyland 4.42 per cent at Rs 35.40 and Mahindra & Mahindra 3.31 per cent at Rs 740.
Other gainers are, RIL up 0.58 per cent at Rs 2,294.05, Infosys 1.51 per cent at Rs 1,702.20, Tata Steel 1.43 per cent at Rs 444.20 and Tata Power 2.87 per cent at Rs 1,117.
The US Dow Jones Industrial Average closed 2.60 per cent higher yesterday and Japan's Nikkei gained 0.80 per cent in early trade today.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
