02/01/2015 11:31 AM IST | Updated 15/07/2016 8:24 AM IST

Sensex Soars 300 Points In Early Trade As Other Indices Stay Mixed

An Indian stock trader gestures on seeing the 30 share benchmark index SENSEX cross 24,000 points during intra-day trade at a brokerage house in Mumbai on May 13, 2014. India's stock market surged for the third straight day to a record high May 13 as exit polls indicated that Hindu nationalist party leader Narendra Modi was on course to become the country's next prime minister. AFP PHOTO/ INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

The sensex soared in early trade on its first day of trading in 2015.

The BSE Sensex rose by over 216 points in morning trade Friday on buying in banking, IT and oil stocks by funds and retail investors amid a mixed trend in Asian markets.

The 30-share index rose by 216.11 points, or 0.79 per cent, to 27,723.65 points with all the sectoral indices led by power, PSU and banking trading in positive zone with gains up to 1.10 per cent.

The barometer had gained 298.93 points in the previous five sessions. The wide-based Nifty of the National Stock Exchange regained the crucial 8,300-mark by surging over 60.55 points, or 0.73 per cent to 8,344.55. Brokers said continued buying by funds as well as retail investors, following push up in economic reforms by the government influenced the trading sentiment.

Major gainers which supported the benchmark were HDFC (1.79 per cent), ONGC (1.63 per cent), BHEL (1.60 per cent), ICICI Bank (1.49 per cent), NTPC (1.26 per cent), Axis Bank (1.16 per cent) and Infosys (0.72 per cent).

Gains of up to 1.5 per cent in Reliance, Tata Motors, HDFC Bank and ITC also supported the Sensex rise.

Among Asian markets, Hong Kong’s Hang Seng rose by 0.78 per cent, while Japan’s Nikkei fell 1.57 per cent in early trade today.

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