Sensex climb over 309 points as blue chips surge

MUMBAI: Driven by brisk buying from funds and general investors, an uptrend continued on the Bombay Stock Exchange at mid-session on Thursday, pushing up the benchmark Sensex by over 309 points at 10,349.63.

Barring a weak trend in Dr Reddy's Lab, all other 29 stocks of the Sensex club were in positive mode, led by Reliance Industries and Infosys Technologies. Both the scrips have one-fifth weightage on the index.

Similarly, the National Stock Exchange index Nifty surged by 94 points at 3017.45.

Trading sentiment turned bullish as foreign funds turned aggressive buyers here in line with a firm global stock markets. The Standard and Poor's 500 Index rose one per cent, snapping a three-day, 1.3 per cent losing streak.

Cement and technology stocks were on the fore-front as market players and retail investors expect higher profit earnings at these counters.

Infosys, India's second-largest software developer, rose Rs 78, or 2.3 per cent, to Rs 2,994, Satyam Computer Rs 26.80, or 3 per cent, to Rs 692, Tata Consultancy Rs.48, or 2.4 per cent, to Rs 1,689.85 and Wipro by Rs.22 to 459.90.