The BSE sensex shot up due to strong buying in key technology stocks. Leading market players say that the rally is due to an underlying strength in the overall economic scene. The 30-share BSE sensex is at 4589, 112.36 points higher than its previous close.
Heavy weights like Reliance Industries, Infosys, Wipro and Zee continued to witness hectic buying activity.
Reliance was traded at Rs 350 (up Rs 12.95), Zee was traded at Rs 551.10 (Rs 33.30), Wipro at Rs 3403 (Rs 114.50) and Infosys was trading at Rs 8,599 (Rs 225.85), at Monday afternoon.
C Jayaram, executive director, Kotak Mahindra Finance is of the view that the market will have to stumble upon a negative news to lose the fizz. "The sentiment in the market looks positive. There is good support at every level. The response for book -building issues in the primary market also looks positive. This will be reflected in the trading sentiment in the next few trading sessions," he said.C Jayaram, executive director, Kotak Mahindra Finance is of the view that the market will have to stumble upon a negative news to lose the fizz. "The sentiment in the market looks positive. There is good support at every level. The response for book -building issues in the primary market also looks positive. This will be reflected in the trading sentiment in the next few trading sessions," he said.
Bureau Report
