Sensex touches 40K level to 40,075.13 points


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Mumbai, May 31 (UNI) The BSE Sensex on Friday touched 40K level to 40,075.13, spurting by 243.16 points in early trade led by gains in banking and IT stocks amid positive domestic cues and strong foreign fund inflow.

The sectoral indices like Consumer Durable, FMCG, Health Care, Auto and Utilities kept the market strong in early trade.

In scrips, Asian Paints, HCL Technologies, TCS and Coal India advanced while selling in VEDL, Yes Bank, Tata Motors and Tata Steel capped from further gain, broker informed.

The gainers were Asian Paints by 3.64 pc to Rs 1423.40, HCL Technologies by 1.90 pc to Rs 1097.60, TCS by 1.70 pc to Rs 2181.90 and Coal India by 1.58 pc to Rs 256.90.

The losers were VEDL by 1.31 pc to Rs 161.80, Yes Bank by 1.13 pc to Rs 152.80, Tata Motors by 1.03 pc to Rs 173.25 and Tata Steel by 0.68 pc to Rs 4855.75.

The market is on top in anticipation of positive election outcome and strong foreign flows and further moves are likely to be determined by policy initiatives, budget and RBI monetary policy, he added.

Investors are also awaiting March quarter GDP data, scheduled for release later in the day, traders informed.

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