Sensex reclaims 35,000, zooms over 570 pts on easing crude price

TIL Desk/Business/Mumbai/ Continuing its rally, the BSE benchmark Sensex reclaimed the key 35,000-mark after nearly one month by surging over 570 points in late morning trade Friday as buying pace gathered momentum, triggered by fall in global crude prices and encouraging corporate earnings. Moreover, positive leads from other Asian markets also fuelled the uptrend.

The 30-share Sensex after opening on a strong footing continued its upward march and regained the 35,000-mark to quote 569.96 points, or 1.66 per cent, higher at 35,001.93 points at 1130 hours. It touched a high of 35,029.28. The NSE Nifty continued to rule above the 10,550 points at 10,553.45 points, with a hefty rise of 173 points or 1.67 per cent.

All the sectoral indices led by auto, metal and oil & gas were trading in the positive terrain with gains up to 3.67 per cent. Investor sentiment got a big push after Brent crude, the international benchmark, dropped below the USD 73-mark to quote at a seven-month low of USD 72.65 by falling 3.48 per cent, traders said.