Sensex recovers 158 points on firm Asian equity markets
The Sensex recovered by 158.40 points to 9,225.10 in opening trade with the realty, banking and oil and gas sector indices leading the recovery.business Updated: Feb 03, 2009 10:39 IST
The Bombay Stock Exchange benchmark, Sensex, recovered by over 158 points to regain 9,200 points level in the opening trade on Tuesday on revival of buying by foreign funds, taking cues from higher Asian equity markets.
The Sensex, which had lost 357.54 points in the previous session, recovered by 158.40 points to 9,225.10 in opening trade with the realty, banking and oil and gas sector indices leading the recovery.
Similarly, the broader National Stock Exchange Nifty, rose by 46.95 points to 2,813.60 in opening trade.
Stock brokers said after Monday's steep fall, buying activity reemerged, aided by firm Asian stocks on aggressive efforts by governments, including pumping in funds to stabilise financial markets and revive their economies.
Major gainers, which helped Sensex to trade in positive territory were, BSE bellwether Reliance Industries stocks gained 2.05 per cent at Rs 1,303.80, Reliance Infra by 3.27 per cent at Rs 538.20, RCom by 2.63 per cent at Rs 163.70, State Bank of India by 1.78 per cent at Rs 1,115.10, ICICI Bank by 3.40 per cent at Rs 398, HDFC Bank by 1.63 per cent at Rs 903 and HDFC Ltd by 2.64 per cent at Rs 1,461.
Besides, Infosys Technologies gained 0.56 per cent at Rs 1,286, Tata Consultancy Services by 1.71 per cent at Rs 500.35 and Wipro by 1.82 per cent at Rs 224.10.
Meanwhile, Hong Kong's Hang Seng index gained 1.17 per cent, while Japan's Nikkei advanced by 2.01 per cent in early trade on Tuesday.