Sensex regains momentum with 264 pts' gain to 11,910
Mumbai, Apr 26 (UNI) The benchmark index of the Bombay Stock Exchange (BSE) had a strong bull-run this afternoon when it touched a high of 11,912.83 and traded 264 points up at 11,910, at 1410 hrs.
Frontline blue chips were the strong favourite of the investors.
The top gainers were Cipla, up by 5.77 per cent; Maruti was up by 5.07 per cent; ONGC was up by 4.63 per cent; Tata Steel was up by 4 per cent; Tata Motors was up by 3.81 per cent; Hindalco was up by 3.57 per cent; HDFC was up by 3.33 per cent; Bajaj Auto was up by 3.13 per cent; Satyam Computers was up by 3.07 per cent and Grasim Industries was up by 2.80 per cent.
Index heavyweight Reliance Industries was also up by 2.11 per cent to Rs 972.
There were a few losers on the Sensex this afternoon, including Larsen&Toubro and Ranbaxy.
Earlier, the 30-share Sensitive Index (Sensex) opened firm at 11,677 with a gap of 31 points, but soon slipped into the red showing some volatility.
However, buoyed up by strong data coming out from the US, Japan and Germany and positive run in the Asian stock markets, the Indian market was in the green later in morning.
The National Stock Exchange (NSE) S&P CNX Nifty index was up by 89 points to 3,551.
Softer crude oil prices at USD 72.72 per barrel were also encouraging for the markets.
All sectors were in the green this afternoon, led by BSE metal index which was up by by 3.71 per cent, BSE auto index was up by 2.60 per cent, IT index was up by 2.08 per cent and the PSU index was up by 2.51 per cent.
There was buying in the small cap companies as its index was up by 1.86 per cent, while the BSE midcap index was up by 1.43 per cent.
R Systems made its debut on the stock markets today listing at Rs 290 per share on the BSE. But, later the stock slipped below Rs 250.
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