Mumbai, January 05: The Bombay Stock Exchange benchmark index Sensex today surged by over 127 points to touch a 23-month high on sustained buying by funds in heavyweight stocks led by metals, mostly copper and aluminium stocks.
The Sensex had a gap-up opening of over 171 points today and closed the day with a gain of 127.51 points to close at 17,686.24, a level seen in February 2008.
The key index touched the day’s high of 17,729.78. This is the second consecutive rally of the market after the first trading session of the year yesterday when the index gained94.
The broader NSE’s Nifty also rose by 45.70 points to 5,277.90, after touching a high of 5,288.35.
The rally was mostly attributed to rising interest in metal stocks followed by realty and technology sector stock.
However, a further fall in the Reliance Industries, which is the heaviest counter among the Sensex scrips, by Rs 5.
–PTI