Sensex surges over 800 pts as global markets rally – Times of India

MUMBAI: Strong rally in global markets on Thursday night and early on Friday lifted investor sentiment on Dalal Street, resulting in across-the-board buying. As a result the sensex, after opening near the 80K mark, closed 820 points (1%) up at 79,706 points while Nifty on NSE gained 251 points (1%) to close at 24,368 points.
Of the 30 sensex stocks, 28 closed with gains.Outside of the large caps, mid cap and small cap stocks also witnessed good buying interest. As a result, the mid-cap index on BSE closed 1.2% up while the small-cap index was up 0.8%.

“Strong global market cues provided a major impetus to local shares as the sensex surged more than 1,000 points in intra-day trades on all-round buying support,” said Prashanth Tapse of Mehta Equities. “Despite volatility in foreign fund flows this year, capital infusion by domestic institutions have been robust over the past year or so, which is giving local markets a major success in times of volatile phase.” The day’s session added about Rs 4.4 lakh crore to investors’ wealth with BSE’s market cap now at almost Rs 463 lakh crore.