Sensex rises over 250 pts; Nifty above 11,100

MARKET

Domestic equity benchmark BSE Sensex jumped over 250 points in early session on Friday led by gains in banking and energy stocks amid reports that the government is likely to roll back higher surcharge on foreign portfolio investors.

After surging 285 points in opening trade, the 30-share index was trading 238.59 points or 0.64 per cent higher at 37,565.95 at 0945 hours; and the broader Nifty too rose 73.10 points or 0.66 per cent to 11,105.55.

In the previous session on Thursday, the 30-share index finished at 37,327.36, showing a jump of 636.86 points or 1.74 per cent. While, the NSE Nifty climbed 176.95 points or 1.63 per cent to 11,032.45.

Top gainers in the Sensex pack during early trade included PowerGrid, Vedanta, HDFC twins, Hero MotoCorp, RIL, NTPC, Bajaj Finance, L&T and HCL Tech, rising up to 2 per cent.

While, Tata Motors, M&M, TechM, ITC, Bharti Airtel, Yes Bank, Infosys and TCS fell up to 1.41 per cent.