The 30-share Sensex shot up by 210.51
points, or 0.84 percent, to trade at 25,230.02 with stocks of oil and
gas, realty, capital goods, PSUs and banking sectors rallied. The gauge
had climbed nearly 214 points in the previous session.
The
50-share NSE Nifty, regained 7,500 mark for the first time since May 16
by gaining 50.10 points, or 0.67 percent, to 7,524.20.
Brokers
said that buying momentum picked up further on sustained foreign funds
inflows amidst a firming trend in the global markets in response to
European Central Bank measures to boost the eurozone economy.
Stocks
of Reliance Industries shot up by 2.93 percent to Rs 1,120 and ONGC
gained 3.78 percent to Rs 435.50 after reports that the government is
likely to hike natural gas rates from July 1 after a new price
formulation is approved by the Cabinet.
Other major
contributors to the rally were SBI, ICICI Bank, HDFC Bank, Maruti
Suzuki, Tata Steel, NTPC, Bharti Airtel, Larsen and Toubro and BHEL.
Among
other Asian markets, Hong Kong's Hang Seng rose 0.53 percent, while
Japan's Nikkei was up by 0.39 percent in the morning trade on Friday.
US Dow Jones Industrial Average rose 0.59 percent to close at new high in Thursday's trade.
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