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Indian equities surge 4 per cent on news of nuclear waiver

New Delhi - India's benchmark Sensex index surged 4.28 per cent in early trading Monday, topping 15,000 after the Nuclear Suppliers Group gave approval for opening nuclear trade with India. The 30-share index, which had lost 415.27 points in the prev...
Posted : Mon, 08 Sep 2008 06:36:01 GMT
Author : DPA
Category : India (Business)
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New Delhi - India's benchmark Sensex index surged 4.28 per cent in early trading Monday, topping 15,000 after the Nuclear Suppliers Group gave approval for opening nuclear trade with India. The 30-share index, which had lost 415.27 points in the previous trading session on Friday, moved up by 623.18 points to 15,107.01 soon after the bourses opened for trading.

It later shed some gains and was trading at 15,070, a gain of 4.04 per cent, at 11:40 am (0610 GMT).

Similarly, the broader S&P CNX Nifty of the National Stock Exchange rose by 162.3 points around the same time, a gain of 3.73 per cent.

On the Sensex, 1,336 shares advanced, 355 declined and 36 remained unchanged. Power, banking and infrastructure stocks were among the big gainers.

Market analysts said trading sentiment turned bullish after the 45-nation Nuclear Suppliers Group on Saturday ended a 34-year-old nuclear ban and allowed countries to trade in fissile materials and technology with India.

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