BSE surges to a high of 310 points

Mumbai, July 31 (ANI): The Bombay Stock Exchange (BSE) benchmark index surged by over 310 points during the early trade on Friday, which is said to the highest in this year.

According to market analysts, the surge is due to the capital inflows by foreign funds on the back of impressive corporate earnings amid firming global cues.

Extending its Thursday's gains, sensex rose by 311.01 points to 15,698.07 points in early trade with all the sectoral indices gaining up to 2.47 percentage. The BSE barometer had gained 1.41 percentage in the previous session.

Sustained buying by foreign funds following better-than-expected earnings posted by several blue-chip companies and firming global markets mainly buoyed the sentiment, lifting sensex to a year's high, experts opine.

Reliance Industries (2.24 percentage at Rs 1,942.50), Reliance Infra (1.67 percentage at Rs 1,204.90), Rcom (2.17 percentage at Rs 287.70) and Infosys Technologies (1.69 percentage at Rs 2,044.35). Tata Steel rose by 2.44 percentage, Sterlite Industries by 3.57 percentage Tata Motors by 4.48 percentage, Mahindra and Mahindra by 3.10 percentage and DLF Ltd by 2.39 percentage among others who gained from today's surge.

Following the trends sensex, Nifty of the National Stock Exchange (NSE) climbed 86.90 points, or 1.73 percentage, to 4,658.35 points. (ANI)