Sensex gains 97 points in early trade on Asian cues
The Bombay Stock Exchange benchmark Sensex on Tuesday recovered by over 97 points, or 0.60 per cent, in opening trade on fresh buying by funds sparked by a better trend in other Asian markets.business Updated: Feb 16, 2010 10:48 IST
The Bombay Stock Exchange benchmark Sensex on Tuesday recovered by over 97 points, or 0.60 per cent, in opening trade on fresh buying by funds sparked by a better trend in other Asian markets.
The 30-share Sensex, which had lost 114.24 points in yesterday's choppy trade, recovered by 97.64 points, or 0.60
per cent to 16,135.99 points in the opening trade as stocks of metal, realty and PSU gained.
The wide-based National Stock Exchange index Nifty also rose by 21.30 points, or 0.44 per cent to 4,823.25 points.
Brokers said fresh buying by funds in select heavy-weight counters in line with better trend on the other Asian bourses
mainly led to the rise in share prices on the domestic bourses.
Among metal stocks, Sterlite Industries traded 0.77 per cent higher at Rs 750 on the back of rise in copper prices
in global markets, while Tata Steel gained 0.60 per cent to Rs 541.10.
Other gainers in this segment were NMDC, which was up by 2.06 per cent to Rs 495, Sesa goa rose by 0.99 per cent to Rs 382.70, Gujarat NRE Coke by 0.78 per cent to Rs 70.95 and Hindalco by 0.46 per cent to Rs 141.40.
Reliance Industries was up by 0.55 per cent to Rs 1,013, Reliance Infra by 0.08 per cent to Rs 1,045.05, State Bank of
India by 0.34 per cent to Rs 1,900 and ACC by 0.32 per cent to Rs 878.90.
Among other Asian markets, Japan's Nikkei was up 0.47 per cent in the morning trade while Hong Kong Exchange remained closed for Lunar New Year holidays.