BSE Sensex up 135 pts at nearly 2-week high, ONGC shares jump 4%, NSE Nifty up 0.70%
Shares of Realty, IT, Healthcare, Power Teck, PSU and Oil&Gas firmed up sharply on good buying enquiries as the sectoral indices were up in 1.03-1.90 per cent range.
The 30-share Sensex resumed higher at 19,523.70 and shot up to the day's high of 19,671.17. It finally ended the day at 19,635.72, registering a gain of 134.64 points or 0.69 per cent. This is the highest close since 19,639.72 on February 6.
ONGC, which gained 4.03 per cent today, led the 22 Sensex gainers. IT stocks were also in limelight with Infosys, TCS and Wipro gaining in 1.2-1.9 per cent range on heavy buying.
Defensive counters like ITC, HUL, Cipla and Dr Reddy's also attracted investors. ICICI Bank and SBI closed up. Bajaj Auto and Maruti gained over 2 per cent each.
The NSE 50-share Nifty rose by 41.50 points or 0.70 per cent to finish at 5,939.70.
"Market broke out from the trading range on account of lack of selling which triggered short covering in the indices. The current up move is likely to intensify further after Nifty takes out the intermediate high of 5969," said Amar Ambani, Head of Research, IIFL.
Brokers said a better trend in Europe, biggest consumer of Indian software and other goods, on positive signals for
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