Mkt up by over 197 pts on Q1 growth

Written by Agencies | Mumbai, August 31: | Updated: Aug 31 2007, 22:08pm hrs
Buoyed by 9.3 per cent GDP growth for the first quarter of this fiscal, the benchmark Sensex today surged by over 197 points. The BSE 30-share index, which had been on an upward march for the last five days, added 196.86 points, or 1.3 per cent to close at 15,318.60, after touching a high of 15,350.91 and a low of 15,131.36 points during intra-day as most of blue chip companies notched up significant gains. Similarly, the wide-based National Stock Exchange index, Nifty, shot up by 51.70 points, or 1.2 per cent, to 4,464. It touched the day's high of 4,471.30 and a low of 4,403 points. Trading sentiment turned bullish on reports of 9.3 per cent economic growth during the April-June quarter of the current financial year due to strong performance of the manufacturing sector. Brokers said major support to the market came from some leading metal and refining stocks. A better trend in Asian markets also boosted the sentiment, they added. Metal segment index gained the most by 268.50 points at 11,565.81 on best performance by the segment major Tata Steel amid base-metals prices gaining in the London Metal Exchange. Oil and gas segment stocks were at second level and rose by 183.70 points at 8160.13 followed by public sector undertaking segment index up by 146.37 points at 7095.44. Realty sector index rose by 125.57 points at 7241.65, Auto index by 101.35 points at 4878.05, Bank index by 107.29 points at 7858.79, capital goods index by 118.02 points at 13,424.74 and healthcare index by 71.65 points at 3572.82.