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Sensex soars 300 points
Economy

Sensex soars 300 points

Agency News

Analysts awaited official data on consumer inflation due after market hours which would offer more clarity on the monetary policy in the near term.

The benchmark index of the Bombay Stock Exchange (BSE), Sensex, has gone up 300 points to 41,899.92 points on Monday.

The spurt in the Sensex is following the same trend across Asian markets. The benchmarket indext of the National Stock Exchange (NSE), Nifty rose 71.65 points - or 0.58 per cent - at 12,328.45.

Gains across most sectors - led by banking, IT, metal and pharmaceutical shares - pushed the markets higher. Analysts awaited official data on consumer inflation due after market hours, which would offer more clarity on the monetary policy in the near term.

Infosys, HDFC Bank and Hindustan Unilever were the top contributors to the gain in Sensex. Infosys shares rose more than 4 per cent. Major losers were Yes Bank, Bharti Infratel, UPL, Eicher Motors and Tata Motors.