Markets keep soaring, Sensex now well above 37,000-mark

Posted on by KNBT

NEW DELHI: The bulls on the Street kept pushing ahead on the last trading day of a week which has seen a number of records tumbling.

30-share BSE Sensex gained more than 250 points at the opening bell as the index started trading at 37,253.86 while the broader 50-share NSE Nifty opened above 11,200-mark, gaining more than half a per cent in morning trade.

Investors would take heart from the fact that Sensex consolidated on the psychological mark of 37,000 without any jitters. At 9.41 am, the index was up 253.44 points at 37,238.08 and Nifty was comfortable above the 11,250-mark.

On Friday morning, FMCG stocks were leading the rally with the sectoral sub-index gaining more than 2 per cent. FMCG major ITC was up almost 5 per cent on the BSE, with the new Goods and Services Tax (GST) rates set to be effective from Friday. The Nifty Metal sub-index was also up 1.50 per cent.

Apart from ITC, Tata Steel, Hero MotoCorp, Bajaj Auto and ICICI Bank stocks were making handsome gains in early trade.

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