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Sensex surges over 500pts; ICICI Bank soars 8%

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BS Reporter Mumbai
Last Updated : Mar 05 2013 | 8:05 PM IST

The Sensex continues to surge higher levels backed by aggressive buying in banking and realty stocks. Energy and capital goods stocks are also witnessing smart buying. The index is now up 513 points at 15,011.

The main trigger for the buying in a sharp drop in NYMEX crude oil futures - which have plunges below the $107-mark, down almost 8%.

ICICI Bank has zoomed 7.7% to Rs 716. ONGC and Jaiprakash Associates have soared around 6.5% each to Rs 1,099 and Rs 173, respectively.

SBI and DLF have rallied nearly 6% each to Rs 1,499 and Rs 523, respectively.

Larsen & Toubro has surged over 5% to Rs 2,694. Reliance Infrastructure has gained 4.8% at Rs 1,030.

BHEL and Maruti have moved up around 4% each to Rs 1,791 and Rs 658, respectively.

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Reliance Communications, Wipro, NTPC and TCS have advanced around 2.5% each to Rs 403, Rs 449, Rs 179 and Rs 842, respectively.

Tata Power, Reliance, HDFC, Mahindra & Mahindra, ACC and Grasim are up around 3% each.

Ranbaxy has shed 7.5% at Rs 462.

The market breadth is positive - out of 2,577 stocks traded so far, 1,620 have advanced, 867 have declined and the rest are unchanged.

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First Published: Sep 02 2008 | 1:56 PM IST

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