The BSE Sensex on Monday continued to gain on the back of short covering amid volatility with buying in frontline shares of oil & gas, health care, realty, consumer durable and TECk counters in late morning trade.
The BSE 30-share barometer resumed higher at 19,750.67 points and hovered between 19,871.84 and 19,678.31 points before quoting 19,858.43 points at 10.30 am.
It showed a gain of 154.10 points, or 0.78 per cent, from its last close.
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The NSE 50-share index, Nifty, also regained the 6,000-mark level quoting higher by 45.25 points, or 0.76 per cent, to 6,028.80 at 10.30 am.
Meanwhile, foreign institutional investors (FIIs) bought shares worth a net Rs 238.56 crore last Friday, as per provisional data from the stock exchanges.
Major gainers were RIL by 3.38 per cent, Bharti Airtel by 2.86 per cent, Sun Pharma by 2.70 per cent, HDFC Bank by 1.80 per cent and Dr Reddy’s lab by 1.64 per cent.
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Most Asian stocks were trading higher in the early trade.
Key benchmark indices in China, Taiwan, Hong Kong, S Korea and Singapore rose 0.01 to 0.59 per cent.
Stocks of Reliance Industries spurted after the company announced a huge natural gas discovery, possibly the biggest find ever, in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.
Coal India stocks also up by 1.13 per cent at Rs. 313.85 ahead of quarter earnings.
Meanwhile, Japan’s Nikkei was fell over 3 per cent in early trade on Monday.