A sharp rally in capital goods counters propelled the benchmark Sensex above the 15,700 level as the bull run in the market continued on Monday. 

Capital goods counters BHEL, L&T, ABB, Areva, Suzlon Energy, Alstom Project and Kalpataru Power saw sharp gains, helping the sensex. There was virtually a mad rush for infrastructure stocks on Monday, sparked by Finance Minister P Chidambaram’s statement that enough funds are available with government for infrastructure, road constructions, power plants and ports, lifting the segment indice by a record 526.12 points.

The Bombay Stock Exchange (BSE) 30-share sensitive index, Sensex, opened and dipped to a low of 15,477.91 on weak Wall Street and mixed Asian advices. Sustained buying by FIIs pushed the Sensex up to a high of 15,773.37 before ending the day at 15,732.20, net rise of 166.65 points or 1.07 pc.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) also spurted by 53.30 points or 1.17 per cent to close above 4,600, for the first time at 4,619.35 from previous close of 4,566.05. Dealers attributed the sharp rally to encouraging corporate performance.