
Mumbai: The BSE benchmark Sensex surged over 200 points in afternoon trade today
amid buying in most sectors, reflecting positive investor sentiment on
strong macroeconomic numbers released yesterday.
Buying was led
by realty, healthcare, telecom, energy, banks, financials, basic
materials, auto, IT, Teck and consumer durables sectors.
The
successive growth in fourth straight months in the index of industrial
production (IIP) at 7.1 per cent and moderation in consumer price index
(CPI) inflation to 4.28 per cent, lifted the sentiment.
Investors are looking forward to Infosys' earnings for the Q4 of FY18, scheduled to be released later in the day.
The 30-share index was trading higher at 34,304.38 at 1230Hrs, reflecting a gain of 203.25 points, or 0.60 per cent.
The broader Nifty50 index was also trading above 10,500-level at 10,515.45, up 56.80 points or 0.56 per cent.
Major gainers were Adani Ports, Kotak Bank, Dr Reddy, Bajaj Auto, ICICI Bank, NTPC and Infosys.
Asian markets were trading mixed. US stocks closed sharply higher
yesterday, as geopolitical concerns appeared to fade after President
Donald Trump tweeted that a military strike on Syria may not be
imminent.
PTI