The BSE Sensex climbed nearly 400 points and the National Stock Exchange's Nifty rose by over 100 points in early trade due to buying by IT, tech and FMCG companies amid positive signals from overseas.
The eighth consecutive day in the stock market is the order. Banking and finance companies also witnessed buying. At the same time, auto companies remained under pressure. The Sensex gained 207.46 points to open at 40,716.95 and soon reached 40,905.49. It closed at 40,509.49 on the previous trading day.
The Nifty also opened at 11,973.55 with a strength of 59.35 points and climbed over a hundred points to 12,022.05. There was less buying in medium and small companies.
At the time of writing the news, it was up by 246.11 points i.e. 0.61 percent at 40,755.60 and Nifty was at 56,85 points or 0.48 percent with strength of 11,971.05.