Sensex zooms 284 points led by banking stocks; recaptures 28,000-mark, Nifty crosses 8,600
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The benchmark BSE Sensex jumped about 284 points to reclaim the 28,000-level at mid-session on Monday on across-the-board buying led by banking stocks amid sustained foreign fund inflows on optimism over GST bill's passage.
Moreover, a firming trend overseas as investors pinned their hopes on fresh Bank of Japan stimulus, too accelerated buying activity in domestic equities.
The 30-share index regained the psychological 28,000-mark by surging 283.63 points or 1.02% to 28,086.87.
Sentiment was bolstered on reports that Rajya Sabha will take up the GST Bill for discussion this week amid a firming trend in global markets, brokers said.
All sectoral indices led by PSU, banking and oil & gas were trading in the positive zone with gains of up to 1.78% as participants were seen widening their bets.
Also, the 50-share Nifty again went past the 8,600-mark by climbing 90.00 points or 1.05% to 8,631.20.
Those who notched up solid gains include Maruti Suzuki, SBI, ICICI Bank, HDFC Ltd, Sun Pharma, ONGC, Asian Paint, HDFC Bank and Cipla.
Broader markets were also in better shape with small-cap and mid-cap indices adding up to 0.98%. Globally, Hong Kong's Hang Seng gained 0.13%, Shanghai Composite up 0.10% while Japan's Nikkei rose by 0.38%.
European markets were also higher in their early trade.
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