Indian share prices closed up 2.09 percent on Monday on firm Asian trends, helped by Wall Street's rebound and strong consumer spending at the start of the US holiday season, dealers said. They said the market was awaiting US-linked economic data on home sales later this week.
The benchmark 30-share Sensex index rose 394.67 points to 19,247.54, after gaining 326.55 points last Friday. Capital goods, property and metal stocks were the main gainers. "The markets ruled firm on strong Asian trends. We expect some strength but the markets could correct if global credit concerns resurface," said Advait Date of BHH Securities.
Overseas funds have sold Indian equities worth 1.1 billion dollars in November, but are net buyers for the year of 16.19 billion dollars, official data showed. Gainers led losers 1,813 to 996 on volume of 73.2 billion rupees (1.84 billion dollars).
Tata Steel rose 28.5 rupees or 3.47 percent to 849 while DLF rose 23.25 rupees or 2.68 percent to 891.9. TCS rose 25 rupees or 2.6 percent to 985. Larsen and Toubro rose 75 rupees or 1.83 percent to 4,175.5.
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