Mumbai, August 03: The key indices on the BSE and NSEtoday rose to their highest levels in more than a year onencouraging corporate results.
In the last 30 minutes of trading, the 30-BSE Sensexsurged by 253.92 at 15,924.23, after hitting the day’s high of15,963.36. Similarly, the 50-stock Nifty shot up to 4,723.75,before ending with a gain of 74.95 to 4,711.40.
Both the indices zoomed to levels last seen on June 3last year, as funds and general investors bought blue-chipstocks led by the auto and metal sectors.
A firm opening at European stock markets this afternoonfurther fuelled the uptrend as overseas investors indulged inenlarging their positions in domestic markets here.
The auto index rose the most, by 4.60 per cent, to5,976.45 after Maruti Suzuki, the maker of half the cars soldin India, advanced on reports that the company improved itssales last month. Maruti gained 3.98 per cent to Rs 1,469.55,to close at its highest since it went public six years ago.
The realty sector surged 4.19 per cent to 4,072.49,followed by the metal sector index, by 3.41 per cent to12,818.02 as Sterlite Industries rose to a seven-week highafter a measure of six metals traded in London jumped 1.7 percent
—Agencies