Sensex surges above 25,000-mark, jumps 145 points on Asian leads
Sustained buying by investors and foreign funds amid firm Asian cues improved market sentiment on Monday.
The benchmark BSE Sensex regained the 25,000-mark by surging over 145 points in the early session, mostly driven by widespread buying by investors as well as foreign funds amid firm Asian cues.
The 30-share index surged 145.45 points, or 0.58% to 25,098.19 points with all the sectoral indices led by consumer durables, FMCG, banking and realty, trading in the positive zone, rising by up to 1.65%.
The gauge gained 275.37 points in the previous session on Friday as foreign funds continued to pump in money amid a firm global trend on the dovish stance of the US Federal Reserve.
On similar lines, the NSE Nifty was trading 34 points or 0.44%, higher at 7,638.35.
Brokers said continued buying by investors and inflows by foreign funds, coupled with a firm trend at other Asian markets, helped market mood improve.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.26% in early trade while Japanese financial markets are closed for a public holiday. The Shanghai Composite index was quoting 1.96% higher in initial hours.
The US Dow Jones Industrial Average ended 0.69% higher in Friday's trade.