Sensex rallies to one-week high;up 179 points on all-round buying

Jul 30, 2012 |

mumbai

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The BSE benchmark Sensex rallied past the 17k mark on Monday to one-week high, up 179 points in because of all-round buying on the back of renewed foreign capital inflows and firm Asian cues.

Sensex resumed higher at 16,919.14 and firmed up further to 17,035.17 before quoting at 17,018.60 at 10.15 am, showing a smart gain of 179.41 points or 1.07 per per cent from its last weekend close.

The NSE 50-share Nifty also rose further 52.85 points or 1.04 per cent to 5,152.70 at 10.15 am.

Foreign institutional investors (FIIs) bought shares worth a net Rs 563.72 crore on last Friday, as per provisional data released by the stock exchanges.

Major gainers were ICICI Bank (3.49 pc), L&T (2.31 pc), Cipla (2.25 pc), Sun Pharma (2.06 pc), Tata Steel (1.80 pc), Tata Motors (1.76 pc), Bhel (1.70 pc) and Bharti Airtel (1.69 pc).

Asian stocks staged a broad-based advance early on Monday, extending gains from last week, as European leaders signaled that they are prepared to take stronger action to curb the region's debt crisis.

Key indices in Singapore, South Korea, Japan, Hong Kong, and Taiwan rose by between 0.62 per cent to 1.59 per cent. However, China's Shanghai Composite fell 0.13 per cent.

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