Sensex rallies over 250 points; Nifty reclaims 7,900
levels
The S&P BSE Sensex surged over 250 points in morning
trade on Wednesday following positive trends seen in other Asian markets. The
rally in the index was led by gains in HDFC, ICICI Bank, TCS, Infosys, RIL and
Sun Pharma.
The 50-share Nifty index managed to surge past its crucial resistance level of 7,900, supported by gains in consumer durables, banking, metals, realty, pharma and FMCG stocks.
The 50-share Nifty index managed to surge past its crucial resistance level of 7,900, supported by gains in consumer durables, banking, metals, realty, pharma and FMCG stocks.
HDIL gained about 3 percent while Blue Star Info cracked by 20 per cent. Hindalco and Tata Steel were higher by 3 per cent each.
Markets @ 9:25
The 30-share index traded at 26,026.91, up 248 points or 0.96 per cent. It
touched a high of 26,034.45 and a low of 25,958.32 in morning trade.
The Nifty was at 7,911, up 63 points or 0.8 per cent. It touched a high of 7,924.25 and a low of 7,895.60 in the first 30 minutes of trade.
The Nifty was at 7,911, up 63 points or 0.8 per cent. It touched a high of 7,924.25 and a low of 7,895.60 in the first 30 minutes of trade.
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