MUMBAI: Continuing its upsurge for the fourth day in a row, the Bombay Stock Exchange 30-share sensitive index, (Sensex) closed higher by nearly 550 points after regaining the 10000-level in the opening trade itself on Monday. Marketmen said buying got a boost by slashing of key rates by the Reserve Bank of India over the weekend to inject an estimated Rs. 85,000 crore into the system.
The Sensex, which has been on a gaining spree since ‘Muhurat’ trading, advanced further by 549.62 points to close at 10337.68 against 9788.06. It has gained over 1828 points in four trading sessions. The wide-based National Stock Exchange rose by 158.25 points to 3043.85.
A firming global trend was another boosting factor for the market with almost all the banking and interest-sensitive realty stocks recording heavy gains. Capital goods index shot up by 574.61 points to 7592.22 with stocks of BHEL, Larsen and Toubro, Siemens, Gammon India and Reliance Infra rising smartly. Banking index rose by 376.15 points to 5387.39, with all banking stocks recording gains of up to 14.36 per cent.
Oil and gas sector index shot up by 351.50 points to 6547.12 as segment major Reliance Industries surged Rs. 66.30 to Rs. 1437.05, ONGC by Rs. 40.90 to Rs. 710.70 and Aban Offshore by Rs. 87 to Rs. 882.60.
PSU segment index gained 280.33 points at 4845.25, metal index by 254.77 points at 5622.37, realty index by 164.04 points at 2142.28, power index by 102.62 points at 1685.99, healthcare index by 79.40 points at 2858.04, FMCG index by 72.07 points at 1871.90, auto index by 60.20 points at 2745.82, consumer durable index by 31.53 points at 2104.51 and IT by 12.42 points at 2874.36. — PTI