The Bombay Stock Exchange benchmark Sensex soared by over 340 points in pre-close trading today on increased capital inflows by funds in heavyweight stocks on the government’s assurance to push for reforms to help economic growth.
The 30-share Sensex, which had gained over 107 points in the morning trade, surged over 340.96 points, or 2.02 per cent, in pre-close trade to 16,499.24 points.
The Sensex has been on a bull run for the last three trading sessions rising by over 752 points.
The second wide-based National Stock Exchange index Nifty gained 103.95 points to cross the crucial at 4,900 points mark. Nifty was trading at 4009.10 points.
Prime Minister Manmohan Singh on Sunday said government would steadily pursue reforms to feed economic growth, while withdrawing the fiscal stimulus by next year.
Stocks of most-weighted, Reliance Industries was trading 3.19 per cent higher at Rs 2,019.10, giving major support to the benchmark Sensex.