Market continued its upward journey for the fourth straight session with the Sensex climbing by over 116 points on the BSE on funds buying in heavy-weight blue-chip stocks
UPDATED AT 4:01 PM
MUMBAI: Market continued its upward journey for the fourth straight session on Monday with the benchmark Sensex climbing by over 116 points on the Bombay Stock Exchange on funds buying in heavy-weight blue-chip stocks.
The BSE 30-share index, Sensex, which had gained over 435 points in the past three sessions, gathered another 116.57 points at 13,731.09. It moved between 13,744.17 and 13,416.40 points during the session on alternate bouts of buying and selling in index-related stocks.
The National Stock Exchange's 50-share Nifty also gained 40.10 points to close at 3,928.75, after hitting day's high at 3,934.00 and a low of 3,828.15 points.
The major contributers to the rise in the Sensex were Reliance Industries, which shot up by Rs 35.65, or 2.84 per cent at Rs 1,289.15 and ONGC by a whopping Rs 38.25, or 4.69 per cent at Rs 854.60 after reports that the country's largest oil explorer found reserves in a new find in the Krishna Godavari Basin.
ICICI Bank, HDFC Bank, State Bank of India, Larsen and Toubro, Tata Motors, Hero Honda, Tata Consultancy Services, Wipro and Grasim Industries also recorded smart gains on the bourses on Monday.
MUMBAI: Continuing its upward journey, the benchmark Sensex surged by another 111 points on the Bombay Stock Exchange on early trade on Monday on heavy buying by foreign as well as domestic funds.
The 30-share index, Sensex, which had gained more than 433 points in the previous three sessions, shot up by 111.15 points at 13,725.67 in the first five minutes of trade on the back of strong rally in index-related stocks.
Similarly, the wide-based National Stock Exchange, Nifty, was up by 32.85 points at 3,921.50.
The major support came in from stocks like ONGC, HDFC Bank, Hero Honda, Larsen and Toubro, Ranbaxy, Reliance Communications, Tata Steel, Satyam Computers, State Bank of India, Reliance Industries and Wipro.
Zee Telefilms, which was re-listed after demerger, was down by Rs 75.50 at Rs 262.50.
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