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The Bombay Stock Exchange benchmark index Sensex rose for the second straight session today, gaining 105.53 points at 18,608.81 on sustained buying in blue chips amid rise in foreign trade and domestic auto sales.
The broad-based National Stock Exchange index Nifty also rose 31.85 points to 5,592, after touching the day’s high of 5,597.35.
Traders said the upsurge in Sensex, which had climbed 271 points in the previous session, was led by demand for software exporters, capital good, power, metal and auto sector stocks on better market moving reports.
Exports grew by 34.42 per cent to $23.8 billion, while imports picked up 14.13 per cent to $32.8 billion in April.
Auto sector stocks came in demand following reports of higher auto sales by leading automakers like Maruti Suzuki, Hero Honda, Tata Motors and TVS Motors.
Among the top-10 Sensex scrips, Infosys Technologies rose 0.72 per cent to Rs 2,812 while State Bank of India surged by 1.39 per cent to Rs 2,329.65, continuing its gains for the fifth straight day.
Capital goods sector index gained the most by rising 1.38 per cent to 13,273.33 followed by teck index by 1.06 per cent to 3,662.07 as Bharti Airtel rose 1.95 per cent to Rs 381.45 and Reliance Communications gained for the fourth day by adding 4.81 per cent to Rs 93.70.
Market sentiment was further boosted after Morgan Stanley predicted 19 per cent rebound for the benchmark index this year. However, a fall in consumer durables, healthcare, realty and oil and gas stocks capped the gains.
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