Sensex soars 419 points on sustained FII buying, Asian cues
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The benchmark Sensex surged nearly 420 points at the pre-close session on sustained buying by investors coupled with fresh round of buying by foreign as well as domestic financial institutions amid firm global cues.
Higher Asian cues and sustained FII buying also supported the market sentiment.
Gains in auto and financial stocks and a slew of positive results including from property firm, DLF Ltd., lifted the sentiment.
At 1450 hrs, the 30-share BSE index Sensex was trading higher by 419.01 points or 1.5 per cent at 28,321.67 and the 50-share NSE index Nifty was trading up by 129.5 points or 1.5 per cent at 8,736.95.
The Sensex touched a high of 28,334.34 and low of 28,010.66.
Overseas, Asian stocks were trading higher tracking overnight gains in US stocks as commodities prices rebounded.
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