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Sensex opens higher by 70 points

business Updated: Mar 16, 2009 10:49 IST
Sensex opens higher by 70 points

The benchmark Sensex on Monday opened higher by over 70 points on buying by funds in blue-chips stocks following firm global cues.

The Bombay Stock Exchange barometer moved up by 71.57 points to 8,828.18 points in first five minutes of trading.

The wide-based National Stock Exchange's Nifty rose by 17.80 points to 2,737.05 points.

Marketmen said reports of firm trend in overseas markets influenced buying in shares, especially in realty and banking stocks.

In the Asian region, the Hong Kong benchmark index Hang Sang gained 168.06 points at 12,693.86 points in early trade.

On the BSE, State Bank of India rose by 2.16 per cent to Rs 973.60, ICICI Bank by 1.80 per cent to Rs 314.25 and HDFC Bank by 1.26 per cent to Rs 845.05.

The 30-share index had gained 412.86 points in previous trading session.