Mumbai, August 10: The Bombay Stock Exchange benchmark index Sensex surged by over 257 points in early trade on Monday, on fresh capital inflows by foreign funds, triggered by firming trends in Asian markets amid better-than-expected US jobs data.
The 30-share BSE Sensex shot up by 257.10 points to 15,417.34 points in early trade with most of the sectoral indices gaining up to 2.76 percent. The BSE barometer had lost almost 745 points in the past two sessions.
The wide-based National Stock Exchange index Nifty climbed 81.10 points, or 1.22 percent, to 4,562.50 points.
Brokers said buying activity on the domestic markets emerged largely on the back of firming trend at other Asian equity markets which were up by almost 2.25 percent in the morning trade, buoyed by better-than-expected US jobs data for July.
Major gainers were Reliance Industries by 1.21 percent to Rs 2,020, Reliance, Reliance Infra by 1.31 percent at Rs 1,161.70, Rcom 1.53 percent at Rs 258.65, ONG Corp by 1.82 percent to Rs 1,158.75, Infosys by 1.21 percent at Rs 2,066.70, Tata Steel by 2.05 percent to Rs 465.55 and Sterlite Industries by 2.36 percent to Rs 643.70.
The Japan’s benchmark Nikkei index surged by nearly one percent to hit a 10-month high after country’s machinery orders rose in July for the first time in four months, while Hong Kong’s Hang Seng index climbed nearly 2.25 percent in the morning trade today.
–Agencies