Continuing its rising streak for the third straight day,the BSE Sensex rose over 100 points in morning today on sustained buying by funds as the economy grew by a higher-than-expected 4.8 per cent in the September quarter amid a mixed trend at other Asian bourses.
BSE Sensex resumed lower at 20,771.27,but recovered immediately to 20,893.99 before quoting at 20,892.29 at 1030 hrs,showing a gain of 100.36 points or 0.48 per cent from its last weekend’s level. The index had gained nearly 372 points in the previous two sessions.
Stocks of banking,realty,capital goods and healthcare sectors led the rally.
On similar lines,the NSE Nifty moved up by 32.70 points,or 0.53 per cent,6,208.80 at 1030 hrs.
Brokers said sentiments buoyed after the economy grew by 4.8 per cent in the September quarter on an uptick in agriculture and factory output and a mixed trend in the Asian region.
Major gainers were Jindal Steel (2.75 per cent),ICICI Bank (2.59 per cent),Bharat Heavy Electricals Ltd (BHEL) (2.40 per cent),Larsen & Toubro (1.40 per cent),Bharti Airtel (1.21 per cent),Tata Power Company/b> (1.13 per cent), Coal India (1.03 per cent) and Reliance Industries (0.97 per cent).
Among other Asian markets,Hong Kong’s Hang Seng index rose by 0.23 per cent,while Japan’s Nikkei shed 0.12 per cent in early trade today.