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| Edited By: DNA Web Team |Source: DNA webdesk |Updated: Mar 19, 2018, 05:21 AM IST
The BSE Sensex reclaimed the 27,000-mark after a week by surging over 450 points at midsession today on widespread buying by funds and retail investors amid optimism over trade ties with China and rise in foreign capital inflows.
The 30-share Sensex after opening in the negative zone rebounded to regain the psychological 27,000-mark after a week and is trading at 27082.
The Nifty also gained 132 points trade at 8102 points.
All sectoral indices led by realty, consumer durables and capital goods were trading in positive terrain with gains up to 4.2%.
Brokers said sentiments bolstered on optimism that trade ties with China would attract foreign inflows and revive country's economic growth, triggering a flurry of buying by participants, helping the Sensex to regain 27,000-mark.
Meanwhile, China plans to invest around US $500 billion overseas in the next five years, a large share of which is expected to find India's way.
Stocks of Sun Pharmaceutical Industries rose 2.31 per cent after the company entered into a licensing agreement with Merck & Co for using investigational therapeutic antibody candidate, tildrakizumab, for treatment of plaque proriasis.
BHEL stock gained 2.7% after it won an order worth Rs 3500 crore to build a supercritical thermal power project on EPC basis in Gujarat.
Some losers in the market are United Spirits, Infosys and HUL.
Apart from Hong Kong all Asian markets are trading in green.
