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Sensex regains 21k mark, soars 439 points

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Sensex down 120 points
Sensex down 120 points

The benchmark BSE Sensex on Thursday regained psychological 21,000 level by surging over 439 points in the opening trade on heavy fund inflows amidst exit polls forecasting good show by the BJP in state assembly elections.

The 30-share index, which had lost 189.30 points in the previous two sessions, rebounded by 439.55 points, or 2.12 per cent, to trade above 21,000 level at 21,148.26.

All the sectoral indices, led by banking, capital goods and realty, were trading in positive zone with gains up to 4.02 per cent.

The wide-based National Stock Exchange index Nifty spurted by 121.90, or 1.98 per cent, to 6,282.85.

Brokers said a flurry of buying by funds as well as retail investors, triggered by exit polls predicting good show by the main Opposition party in state assembly elections, buoyed the trading sentiments.

Major gainers are ICICI Bank, SBI, HDFC Bank, RIL, Infosys, TCS, ITC, Bharti Airtel, Bajaj Auto, Larsen and Toubro and BHEL.

In the Asian region, Japan’s Nikkei fell 0.35 per cent, while Hong Kong’s Hang Seng was down 0.40 per cent in early trade today.

The U.S. Dow Jones Industrial Average closed 0.16 per cent lower in Wednesday’s trade.

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