Sensex cracks triple ton…Metals, Realty soar

After taking a small breather on Friday, the Indian markets resumed their northward journey today. Market sentiment got a fillip after the Government announced that IRDA will continue to oversee ULIPs, reviving the sales of the popular hybrid products.



Metals, Realty and Capital Goods stocks in particular were among the major gainers. Even the second rung stocks were in demand.

"China’s decision to pursue a more flexible currency policy also triggered optimism not only in India but across the globe. Regional currencies and the euro also rose against the US dollar after China decided to let yuan float more freely," says Amar Ambani Vice President Research IIFL.

The BSE 30-share Sensex surged 306 points to close at 17,876 and NSE Nifty surged 91 points and ended at 5,353.

European shares too climbed on Monday, the ninth day of gains for the region, with miners taking the lead following the China announcement.

Asian shares jumped and U.S. stock futures were sharply higher.

The dollar weakened against the euro.

The BSE 30-share Sensex surged 306 points to close at 17,876 and NSE Nifty surged 91 points and ended at 5,353.