Sensex gains 200 pts led by Reliance Group stocks

Mumbai, June 28: The Bombay Stock Exchange benchmark Sensex today gained nearly 200 points on buying in blue-chips, led by Reliance group stocks.

A mixed pattern in Asian stock markets and a higher opening in Europe this afternoon influenced the trading sentiment here after the G-20 group of nations promised to boost growth, cut deficits and stabilise markets.

The Sensex, which had lost 180 points in the last two trading sessions, bounced back to close 199.73 points higher at 17,774.76 as heavy-weight stocks of Reliance Industries, Reliance Communication and Infosys Technologies surged.

The broad-based National Stock Exchange index Nifty rose by 64.45 points to 5,333.50 as state-run refinery stocks continued their rally on the back of the government’s move to free subsidised petrol prices and raise other fuel prices on Thursday.

Stocks of Reliance Industries, which have the maximum weightage on the index, shot up by Rs 24.

–Agencies