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

National Stock Exchange index Nifty rose by 35.45 points or 0.46 per cent to 7,638.65
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Mumbai: The benchmark BSE Sensex regained the 27,000 mark by climbing about 225 points in early trade on Tuesday 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%, 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%.

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% 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% while Japan’s Nikkei gained 1.49% in early trade on Tuesday.

The US Dow Jones Industrial Average ended 1.85% higher on Monday’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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