The benchmark Bombay Stock Exchange (BSE) index Sensex reclaimed the 28,000-level for the first time since December 9 and the National Stock Exchange (NSE) Nifty rose by 22 points to trade above 8,400-mark in opening trade on Monday on sustained foreign fund inflows.
Marketmen said apart from sustained capital inflows, encouraging manufacturing output data for December and hopes of further push to economic reforms boosted trading sentiments in the domestic market.
Rising for the seventh straight session, the 30-issue BSE barometer crossed the 28,000-mark after over three weeks by rising 122.45 points (or 0.44 per cent), to 28,010.35.
The gauge had gained almost 680 points in the past six sessions.
On similar lines, the broader 50-share NSE Nifty gained 22.00 points (or 0.26 per cent), to trade at 8,417.45.
Prominent gainers among the 30 Sensex scrips were L&T, Maruti Suzuki, M&M, NTPC, ONGC, RIL, Sesa Sterlite, Sun Pharma, Axis Bank, Bajaj Auto, BHEL, Cipla, Hero MotoCorp, Hindalco, Hind Unilever, TCS, Wipro, Tata Power and Tata Steel.
All the sectoral indices, led by capital goods, metal and auto, were trading in positive zone with gains up to 1.18 per cent.
Among other Asian markets, Japan’s Nikkei fell 0.72 per cent, while Hong Kong’s Hang Seng shed 0.66 per cent in early trade on Monday.
The US Dow Jones Industrial Average closed 0.06 per cent higher in Friday’s trade.