New Delhi: After Friday's power play on the bourses backed by strong Infosys result and lower inflation, the markets on Monday opened on a very strong note on the back of buying seen across the sectors.
The benchmark Sensex shot up by another 212 points in early trade largely on the back of sustained buying of funds in technology sector stocks in anticipation of robust earnings by Tata Consultancy slated to announce its March quarter results later on Monday.
Continuing its upward march the BSE-30 share index, Sensex, which climbed 270.27 points in the previous trading session, gathered another 212.51 points at 13,596.59 points in the first five minutes of trading, which can be attributed to sustained rally in IT, Oil and banking sector stocks.
The wide-based National Stock Exchange index Nifty, was also up by 59.50 points at 3976.85.
Stockbrokers said technology sector stocks continued to remain centre of brisk activity on hopes that after Infosys another technology giant Tata Consultancy might post strong earnings.
They said firming global markets and Inflation, which fell back to 5.74 per cent for the week ended March 31 from 6.39 per cent in the previous week, also positively influenced the trading sentiment.
Major gainers were Infosys, TCS, Wipro, Satyam Computer, Reliance Industries, Reliance Capital, Reliance Communication, Larsen and Toubro, ITC, Hindustan Lever, Ranbaxy and Dr Reddy's Laboratories.
Asian markets were trading higher on Monday.
Japan's Nikkei surged 1.67 per cent or 290.02 points at 17,653.97, Hong Kong's Hang Seng advanced 0.82 per cent or 166.48 points at 20,507.45, Singapore's Straits Times rose 0.68 or 23.02 points at 3,396.61, Taiwan's Taiwan Weighted was up 0.09 per cent or 7.29 points at 8,052.41 and South Korea's Seoul Composite gained 0.38 per cent or 5.85 points at 1,526.63.
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