Sensex gains 112 pts in opening trade on global cues
The 30-share index rose by 112.65 points, or 0.66 per cent, to 16,979.06 points with metal, IT and FMCG sector stocks leading the gains. The BSE barometer had lost 268.14 points in yesterday's session.business Updated: Oct 06, 2009 10:31 IST
The Bombay Stock Exchange benchmark Sensex rose by over 112 points in opening trade on Tuesday as foreign funds pumped in fresh funds after firming global trends.
The 30-share index rose by 112.65 points, or 0.66 per cent, to 16,979.06 points with metal, IT and FMCG sector stocks leading the gains. The BSE barometer had lost 268.14 points in yesterday's session.
The wide-based National Stock Exchange index Nifty moved up by 30.70 points to trade higher at 5,033.90.
Brokers said fresh spell of buying by foreign funds bolstered by firming trends in the global markets after upbeat US services data, influenced the trading sentiments on the domestic bourses here.
Among metal stocks, Sterlite Industries rose by 2.17 per cent to Rs 766.65, Tata Steel by 1.20 per cent to Rs 503.40 and Hindalco by 3.26 per cent to Rs 122.
Grasim Industries, which suffered sharp setback in the last session, traded up 1.15 per cent at Rs 2,538.
Infosys Technologies moved up by 1.27 per cent to Rs 2,348, TCS by 1.87 per cent to Rs 626.95 and ICICI Bank by 1.74 per cent to Rs 926.60.
Most of the Asian indices were trading higher up to 1 per cent after overnight gains in the Wall Street. The US Dow Jones Industrial Average closed up 1.18 per cent yesterday.