The BSE benchmark Sensex on Friday firmed up by 259 points in late morning trade on good buying inquiries mainly in realty, consumer durable, auto, refinery and capital goods sectors on the back of higher global cues.
Tata Motors rose by 3.66 per cent after the company’s UK-based subsidiary, Jaguar Land Rover, reported good sales in May 2013.
Sensex, resumed higher at 18,959.83 and moved up further to a high of 19,088.16 before quoting 19,086.54 points at 10.30 hours (IST).
It showed a gain of 259.38 points or 1.38 per cent from its last close.
The NSE 50-share barometer Nifty also hardened by 77.55 points or 1.36 per cent quoting 5,776.65 at 10.30 hours (IST).
Other major gainers were — Tata Steel (2.97 per cent), HDFC (2.70 per cent), Tata Power (2.69 per cent), Maruti Suzuki (2.60 per cent), Larsen (1.97 per cent), Reliance Ind (1.96 per cent) and Hindalco Ind (1.91 per cent).
Asian stocks rebounded in their early trade as US economic data beat estimates.
Key benchmark indices in China, Hong Kong, Japan, Singapore, and South Korea rose by 0.21 to 2.93 per cent while Taiwan’s Taiwan Weighted fell by 0.21 per cent.
US stocks rallied on Thursday bolstered by upbeat economic data.
