Sensex regains 25,000 mark in afternoon trade

Mumbai, Jun 5 : The benchmark BSE Sensex regained the 25,000 mark by soaring over 218 points in the afternoon trade today as metals, oil & gas and power sector stocks led the rally on continued foreign fund inflows. After opening higher, the 30-share Sensex shot up by 218.39 points, or 0.88 per cent, to trade at 25,024.22 soon after 1430 hrs with all the sectoral indices trading in the positive zone and rising up to 2.77 per cent.

The gauge reclaimed the 25,000 mark for the first time since May 26. On similar lines, the 50-share NSE Nifty shot up 73.20 points, or 0.98 per cent, to trade at 7,475.45. Brokers said the investor sentiment was influenced by persistent inflow of foreign funds and widespread buying by retail investors on hopes that the government will take steps to revive the country’s economic growth. Foreign Institutional Investors (FIIs) bought shares worth a net Rs 192.56 crore in yesterday’s trade as per provisional data from the stock exchanges.

Major gainers that supported the Sensex were Reliance Industries (1.22 per cent), ONGC (2.43 pc), GAIL (2.26 pc), Tata Steel (2.42 pc), Sesa Sterlite (5.99pc), Hndalco (3.89 pc), Tata Motors (2.92 pc), Tata Power (2.36 pc), Hindustan Unilever (4.36 pc), SBI (0.81 PC) and Maruti Suzuki (0.66 pc), ITC (1.33 pc). The trend, however, was mixed in the other Asian markets. Hong Kong’s Hang Seng fell 0.18 per cent, while Japan’s Nikkei was up 0.08 per cent in early trade today.