Sensex, Nifty surge life-time closing pts; oil & gas stocks lead

Sensex, Nifty surge life-time closing pts; oil & gas stocks lead

Sensex, Nifty surge  life-time closing pts;  oil & gas stocks lead

The benchmark Sensex on Friday jumped over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on buying by overseas investors on hopes of continued economic reforms and a growth-oriented Budget. 

The 30-share Sensex was supported by gains in Reliance Industries and HDFC Bank shares, traders said, adding that receding fears of the impact of a delayed monsoon on prices and strong global cues after upbeat US data and easing oil prices boosted market sentiments.

The BSE benchmark opened higher at 25,844.80 and firmed up further to a high of 25,981.51, It settled at new closing high of 25,962.06 -- a gain of 138.31 points or 0.54 per cent. It surpassed previous closing peak of 25,841.2 (July 2). For the week, Sensex gained 862.14 points -- first rise in four. 

Oil and gas sector stocks attracted brisk buying support after reports that Oil Ministry is likely to move with an expert panel recommendations of raising kerosene and cooking gas rates. The NSE 50-share Nifty also moved up 36.80 points, or 0.48 per cent, to end at its all-time closing high of 7,751.60 after hitting 7,758.00. It previous closing peak of 7,725.15 was also reached on July 2.

Blaming hoarders for recent spurt in food prices, Finance Minister Arun Jaitley on Friday said there was no need for panic as country has enough food stocks and promised stern action against black marketeers.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)