Sensex up 450 points at midsession

Sensex up 450 points at midsession

Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 450 points at midsession today as investors picked up battered software and banking stocks, considering them a better buy.

The 30-share index, which had been on a falling streak for the last few sessions and pierced through a psychological 10,000 mark, bounced back by 450.18 points at 10,425.53 at 1230 hrs.

Similarly, the wide-based National Stock Exchange index Nifty shot up by 130.55 points at 3,204.90 at the same time as almost all the index-related stocks recorded handsome gains.

Stocks of IT sector moved up by 201.40 points at 2,738.67 and banking sector index by 231.41 points at 5,778.10.

Some of the heavyweight metal stocks also led to the upward movement on the bourses.