Indian Market: Sensex over 700 pts up till noon
Mumbai/UNI: Benchmark Index of Bombay Stock Exchange on Monday spurted by 776 pts to 32,103 till noon as financial stocks zoomed after the Reserve Bank of India announced a Special Liquidity Facility (SLF) for Mutual Funds worth Rs 50,000 crore.
Nifty of national stock exchange too rose by 199.35 pts to 9,353.75.
"Under the SLF-MF, the RBI shall conduct repo operations of 90 days tenor at the fixed repo rate, the RBI said in a statement.
Meanwhile, the day opened at 31,659.04 up by 332 pts. The Sensex registered days high at 32,103, up by 776 pts and days low at 31,651.57.
The Nifty registered days high and low at 9,377.10 and 9250.35 respectively.
The sectoral indices that lifted the market were bankex was on top-up by over three per cent followed by IT, Technology, Finance and Energy.
The scrips that jumps were Kotak Bank by 5.22 pc to Rs 1304.90, Indus Ind Bank by 4.82 pc to Rs 401.55, Axis Bank by 4.80 pc to Rs 423.50, Bajaj finance by 4.03 pc to Rs 2056.15 and HDFC by 3.65 pc to Rs 1637.
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