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Sensex surges over 400 pts; bank stocks rally
Equity benchmark BSE Sensex rallied over 400 points in early session on Thursday, led by gains in banking stocks, tracking positive cues from global markets.
Mumbai: Equity benchmark BSE Sensex rallied over 400 points in early session on Thursday, led by gains in banking stocks, tracking positive cues from global markets.
After hitting a high of 39,008.83, the 30-share index was trading 384.54 points, or 1 per cent, higher at 38,978.06 at 0945 hours, while the broader Nifty rose 120.75 points, or 1.06 per cent, to 11,560.95.
Also Read: Sensex tanks over 300 pts; Nifty tests 11,500
In the previous session on Wednesday, the BSE barometer ended 503.62 points, or 1.29 per cent, lower at 38,593.52. The broader NSE Nifty plunged 148 points, or 1.28 per cent, to 11,440.20.
On the currency front, the rupee appreciated 10 paise against its previous close to 70.93 in early session.
Also Read: Rupee slips 11 paise to 71.12 against USD in early trade
On Wednesday, foreign portfolio investors sold shares worth a net of Rs 342.40 crore, and domestic institutional investors offloaded equities worth Rs 762.48 crore, provisional data showed.(PTI)