Sensex recovers 79 pts in opening trade on funds buying
The Bombay Stock Exchange benchmark Sensex recovered by nearly 79 points in opening trade today on fresh capital inflows by foreign funds.business Updated: May 04, 2010 09:54 IST
The Bombay Stock Exchange benchmark Sensex recovered by nearly 79 points in opening trade on Tuesday on fresh capital inflows by foreign funds.
The 30-share index, which had lost 172.63 points in the previous trading session, rose by 78.74 points, or 0.45 per cent to 17,464.82 points.
The wide-based National Stock Exchange's Nifty also moved up by 27.40 points, or 0.52 per cent, to 5,250.15 points.
Brokers said fresh buying by foreign funds on the back of overnight gains in the US market mainly buoyed the trading sentiment in Mumbai.
Besides, steady inflow of encouraging quarter earnings by companies also generated buying activity, they added.
Among major gainers, Jaiprakash Associates was up 1.59 per cent to Rs 146.80, Infosys Technologies 0.13 per cent to Rs 2,698.05, Wipro 0.23 per cent to Rs 676.25, Tata Consultancy Services 0.47 per cent to Rs 770.60, Mahindra and Mahindra 0.52 per cent to Rs 528.80, Maruti Suzuki by 0.60 per cent to Rs 1,290 and DLF Ltd by 0.55 per cent to Rs 309.
Meanwhile, the US Dow Jones Industrial average ended 1.30 per cent higher yesterday, while Hong Kong's Hang Seng gained 0.86 per in the morning trade today.