Monday, November 29, 1999

Sensex surges 430 points at mid-session on funds buying

News posted by www.newsinfoline.com

Mumbai, May 10 (PTI) The Bombay Stock Exchange benchmark Sensex today surged over 450 points at mid-session on emergence of buying by funds in heavy-weight stocks. The Sensex, which had lost nearly 788 points in the last five sessions, gained 450.55 points to 17,219.66 at 1300 hrs, as funds turned aggressive buyers on firming Asian cues. Likewise, the wide-based National Stock Exchange index Nifty shot up by 144.85. Reliance Industries rose by 40.05 at Rs 1,073.90 and while Infosys Technologies was up Rs 54.35 to Rs 2,674. Among metal stocks, Sterlite Industries gained Rs 37.65 to Rs 752 and Tata Steel Rs 28.25 to Rs 586.90.

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