Tuesday, November 19, 2013
BSE Sensex surges on sustained buying by funds
PHOTO: Reuters
The index had gained 205.02 points on Thursday. The stock market was closed on Friday on account of "Muharram".
Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses, as US markets surged to new record highs on Friday after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money, mainly buoyed the trading sentiment here.
The 30-share index of the Bombay Stock Exchange rose by 301.61 points, or 1.48 per cent, to 20,701.03 points with all sectoral indices, led by banks and realty, gaining up to 2.60 per cent.
The 50-share National Stock Exchange Nifty moved up by 83.70 points, or 1.38 per cent, to 6,139.85.
Among other Asian markets, Hong Kong's Hang Seng rose by 1.59 per cent while Japan's Nikkei was up by 0.58 per cent in early trade on Monday.
ABHISHEK KUMAR
PGDM 1 ST YR
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