Sensex rallies by 489 pts

Sensex rallies by 489 pts

Agency News

Mumbai, May 11 : The benchmark index of Bombay Stock Exchange on Monday spurted by 489 pts, to 32,132.69 in early trade on brisk buying in Auto, Energy, IT and Consumer Durable stocks amid positive global peers. The nifty of the national stock exchange too jumped by 118 pts to 9,369.60. The nifty registered intra- days high and low at 9,383.25 65 and 9,341.55 pts respectively.

The sensex registered intra- days high and low at 32,132.69 and 31,960.82 pts respectively. The Indian Market opened on a strong note on the strength ofAuto, Energy, IT and Consumer Durable stocks. The scrips like IndusInd Bank, Maruti Suzuki, ITC, Bajaj Auto and Reliance industries lifted the same. The Mid cap rose by 1.34 pc and small cap by 0.99 pc. The gainers were IndusInd Bank by 2.96 pc to Rs 453.25, Maruti Suzuki by 2.76 pc to Rs 4785.95, ITC by 2.78 pc to Rs 162.70, Bajaj Auto by 2.53 pc to Rs 2477.75 and Reliance industries by 2.51 pc to Rs 1601.

The losers were Nestle India by 0.86 pc to Rs 17,644.45 and ICICI Bank by 0.71 pc to Rs 335.35. In 30 scrips, 28 advanced while 2 declined. Today, as many as 13 companies, including Godrej Properties, Wockhardt, and Motilal Oswal, are scheduled to announce their March quarter earnings. Asian shares climbed higher in early deals as investors looked ahead to more countries restarting their economies. MSCI’s broadest index of Asia-Pacific shares outside Japan firmed 0.1 per cent. Japan's Nikkei added 1.6 per cent and South Korean stocks were up 0.4 per cent. In commodities, Brent crude futures were last down 2.4 per cent at $30.24 a barrel. (UNI)