Sensex Surges By 216 Points, Nifty Too Rises By 60 Points

Buying in banking, public sector undertakings, information technology and oil stocks has led to a jump of 216 points in the Bombay Stock Exchange (BSE) Sensex in the morning trade today. The 30-share index rose by 216.11 points (0.79%) to reach 27,723.65 points.

Nifty, too, jumped by 60.55 points (0.73%) to reach 8,344.55 points. According to brokers, buying retail investors and steps towards economic reforms had boosted the trading sentiment. The major gainers were HDFC (1.79%), ONGC (1.63%), BHEL (1.60%), Reliance (1.5%), ICICI Bank (1.49%), NTPC (1.26%), Axis Bank (1.16%) and Infosys (0.72%).

In the Asian markets, Hong Kong's Hang Seng increased by 0.78% and Japan's Nikkei decreased by 1.57%.

Meanwhile, the rupee depreciated by 14 paise to reach Rs 63.49 per US dollar. According to dealers, apart from the gains made by the US dollar against other foreign currencies, increase in the demand of dollar by importers led to its rise.