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Sensex at 9-month high, 268.38 pts up.
Posted on: 01-06-2009 , 04:: | DY365 Bureau

rising over 281 points in early trade Monday, with metal and realty stocks leading the rally, supported by firming global equity markets.

 The 30-share index, which had gained nearly 1,040 points in the last three sessions, jumped 281.56 points, or 1.65 per cent, to 14,906.81, a level last seen in September 2008.

Similarly, the wide-based National Stock Exchange index Nifty regained the 4,500-points level to quote 90.15 points higher at 4,539.10.

Stock brokers said series of positive factors, such as firming global markets, good GDP numbers and flow of funds into the domestic markets, mainly buoyed on the trading sentiment.

Reports that FIIs had invested over Rs 20,000 crore in the markets last month, also lifted spirits, they added.

Major gainers, which extended support to the Sensex, were Reliance Industries up 1.01 per cent at Rs 2,300.05, Reliance Infra by 3.07 per cent to Rs 1,316.10, RCom by 5.79 per cent at Rs 323.50, Infosys Technologies by 1.25 per cent to Rs 1,621.95 and DLF Ltd by 4.51 per cent to Rs 421.50.

Besides, State Bank of India rose 1.28 per cent to Rs 1,893, ICICI Bank 1.65 per cent to Rs 752.90, HDFC Bank 1.11 per cent to Rs 1,458.40, Sterlite Industries 1.98 per cent to Rs 635 and Tata Steel 3.37 per cent to Rs 420.

Meanwhile, the Hong Kong's Hang Seng was up 2 per cent, and Japan's Nikkei up 1.6 per cent in early trade.


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