Follow us on:   

Indian stock exchange surges 301 points on Monday
November 18, 2013, 5:20 am

Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses (AP Images)

Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses (AP Images)

India’s BSE(Bombay Sock Exchange) benchmark Sensex rose over 301 points in early trade on Monday on sustained buying by funds amid a firm trend in other Asian bourses.

The 30-share index rose by 301.61 points, or 1.48 per cent, to 20,701.03 points with all sectoral indices, led by banks and realty, gaining up to 2.60 per cent. The index had gained 205.02 points on Thursday.

The National Stock Exchange Nifty moved up by 83.70 points, or 1.38 per cent, to 6,139.85.

Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses, as US markets surged to new record highs on Friday after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money, mainly buoyed the trading sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng rose by 1.59 per cent, while Japan’s Nikkei was up by 0.58 per cent in early trade on Monday.

The US Dow Jones Industrial Average gained 0.54 per cent to close at fresh record high on Friday.

Leave a Reply

Your email address will not be published. Required fields are marked *

Anti-Spam * Time limit is exhausted. Please reload the CAPTCHA.