the benchmark Sensex soaring by 255 points on heavy buying by foreign funds and partial recovery in global stocks.The market welcomed the initiatives in the Railway Budget including plans to improve infrastructure.
Leading foreign institutional investor and mutual fund HSBC reportedly bought aggressively in the last one hour of trading, leading to a sharp surge in the market.
Touching a low of 14,499.74, the Bombay Stock Exchange 30-share barometer later bounced back with a vengeance and ended the day at 14,913.05, a net gain of 254.56 points or 1.74 per cent over its previous close.
Market sentiment was boosted by intra-trade recovery in Asian and European stocks. Disappointing US jobs data weighed on the global stocks at the outset.
Source : www.indianexpress.com/news/Sensex-gains-255-pts-on-soft-Rail-budget/484523/
Leading foreign institutional investor and mutual fund HSBC reportedly bought aggressively in the last one hour of trading, leading to a sharp surge in the market.
Touching a low of 14,499.74, the Bombay Stock Exchange 30-share barometer later bounced back with a vengeance and ended the day at 14,913.05, a net gain of 254.56 points or 1.74 per cent over its previous close.
Market sentiment was boosted by intra-trade recovery in Asian and European stocks. Disappointing US jobs data weighed on the global stocks at the outset.
Source : www.indianexpress.com/news/Sensex-gains-255-pts-on-soft-Rail-budget/484523/
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