Having surged past the psychological 19,000 points level in early trade today, the Bombay Stock Exchange benchmark Sensex was up by over 328 points at mid— session on heavy buying by funds enthused by robust industrial output growth amid a firming global trend.
Attaining a level last seen in January, 2008, the Sensex was trading higher by 328.94 points, or 1.70 per cent, at 19,128.60 at 1230 hours. The 30—share BSE index had gained 133 points in the previous session.
Similarly, the broad—based National Stock Exchange index Nifty crossed the 5,700 points level by adding 97 points to 5,737.05.
Stocks of capital goods segment are attracting strong demand after reports that industrial output grew at a faster pace in July.
Bank, refinery and metal stocks are also participating in the rally, amid upbeat investor sentiment about the prospects of the country’s economy recovering at a faster pace.
A firming trend in the Asian region, led by Japan’s Nikkei index, further bolstered the market sentiment here.
