Sensex up 185 points in morning trade

MUMBAI: Led by metal, refinery and power stocks, the benchmark Sensex on Monday spurted further by 185 points during late morning trading on the back of fresh buying support from domestic investors.
  
Positive FII activity on Friday also had a sentimental impact on the market sentiment.

The Bombay Stock Exchange 30-share Sensex was quoted at 19,548.30 at 10.30 am, up 185.11 points over Friday's close of 19,363.19.
   
The Sensex opened firm at 19,547.09 and later touched a high of 19,565.42 in early trade.

The broader S&P CNX Nifty of the National Stock Exchange also gained 74.75 points at 5,837.50 at 10.30 am from previous close of 5,762.75.
   
Fresh buying emerged as global markets remained better with crude oil prices falling below USD 90 a barrel, market players said.
   
Reliance Energy was up 6.0 per cent on reports that the company's board has approved capital infusion of upto Rs 8,000 crore in two years to part-finance its huge requirements especially for large infrastructure projects.

IFCI was up more than 5.0 per cent after the company's board decided to bring International Finance Corporation as an investor.