Midsession: Sensex back in positive, up 201 pts

Midsession: Sensex back in positive, up 201 pts

Mumbai: Reversing an early weak trend, the Bombay Stock Exchange benchmark Sensex shot up by over 201 points at midsession trading on Monday on emergence of buying by foreign funds, driven by firm opening of European markets.

The 30-share barometer, which dipped to 9,162.66 points in early trade, shot up by 201.51 points, or nearly 2.2% higher at 9,530.43 points at 2:30pm after stocks led by the banking, metals and oil and gas sectors staged a strong comeback.

The broader 50-share Nifty of the National Stock Exchange also rose by 63.05 points, or 2.20% at 2,920.30 at 2:45pm.

Brokers said trading sentiment on the domestic bourses turned better after European markets opened higher with FTSE index rising over 2.48% in opening trade.

Among Asian bourses Japan’s Nikkei reversed an early weak trend to quote 0.09% higher in pre-close trade. Hong Kong’s Hang Seng index ended nearly 1% higher.