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Sensex scales back 27K mark, surges 225 points on global cues


Mumbai : The benchmark BSE Sensex regained the 27,000 mark by climbing about 225 points in early trade today on the back of continued buying by participants amid a firming trend in global markets.

The 30-share index surged 224.72 points, or 0.83 per cent, to trade above the 27,000 level at 27,010.27.

All sectoral indices led by consumer durables, healthcare and oil & gas were trading in the positive zone with gains of up to 1.06 per cent.

The gauge had rallied 1,168.71 points in the previous four straight sessions.

The NSE Nifty rose by 61.65 points, or 0.75 per cent to 8,180.95 points.

Brokers said a firming trend in Asian markets, tracking overnight gains on the US bourses influenced sentiment here.

Dr Reddy, Tata Motors, Sun Pharma, GAIL, Lupin, Coal India, Tata Steel, Hind Unilever, NTPC, SBI, ICICI Bank and ONGC were among major gainers.

Among other Asian markets, Hong Kong’s Hang Seng was up 0.20 per cent while Japan’s Nikkei gained 1.49 per cent in early trade today.

The US Dow Jones Industrial Average ended 1.85 per cent higher in yesterday’s trade on speculations that disappointing economic data might push the Federal Reserve to delay any plans to hike interest rates until December.

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