Sensex at 9-month high; metal, realty stocks gain

Sensex at 9-month high; metal, realty stocks gain
PTI
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First Published: Mon, Jun 01 2009. 10 55 AM IST
Updated: Mon, Jun 01 2009. 10 55 AM IST
Mumbai: The Bombay Stock Exchange (BSE) benchmark Sensex climbed to hit its nine-month high, rising over 281 points in early trade on Monday, with metal and realty stocks leading the rally, supported by firming global equity markets.
The 30-share index, which had gained nearly 1,040 points in the last three sessions, jumped 281.56 points, or 1.65%, to 14,906.81, a level last seen in September 2008.
Similarly, the wide-based National Stock Exchange (NSE) index Nifty regained the 4,500-points level to quote 90.15 points higher at 4,539.10.
Stockbrokers said series of positive factors, such as firming global markets, good GDP numbers and flow of funds into the domestic markets, mainly buoyed on the trading sentiment.
Reports that FIIs had invested over Rs20,000 crore in the markets last month, also lifted spirits, they added.
Major gainers, which extended support to the Sensex, were Reliance Industries up 1.01% at Rs2,300.05, Reliance Infra by 3.07% to Rs1,316.10, RCom by 5.79% at Rs323.50, Infosys Technologies by 1.25% to Rs1,621.95 and DLF Ltd by 4.51% to Rs421.50.
Besides, State Bank of India rose 1.28% to Rs1,893, ICICI Bank 1.65% to Rs752.90, HDFC Bank 1.11% to Rs1,458.40, Sterlite Industries 1.98% to Rs635 and Tata Steel 3.37% to Rs420.
Meanwhile, the Hong Kong’s Hang Seng was up 2%, and Japan’s Nikkei up 1.6% in early trade.
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First Published: Mon, Jun 01 2009. 10 55 AM IST
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