Sensex rises 167 points on firm global trend | business | Hindustan Times
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Sensex rises 167 points on firm global trend

Sensex today moved up by over 167 points and regained the 12,000-level in early trade on fresh buying by funds backed by a firming global trend.

business Updated: May 15, 2009 10:50 IST

The Bombay Stock Exchange benchmark Sensex on Friday moved up by over 167 points and regained the 12,000-level in early trade on fresh buying by funds backed by a firming global trend.

The 30-share index, which had lost 285.12 points, or nearly two per cent in previous two trading sessions, recovered 167.36 points, or 1.41 per cent, at 12,040.27 in the first five minutes of trade.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 51.80 points, or 1.44 per cent, at 3,645.25 points.

Marketmen said overnight firmness on the US equity markets and firming trends in other Asian bourses mainly buoyed the trading sentiments here.

They said, however, trading is likely to remain choppy during the session ahead of general election results to be announced tomorrow.

Major gainers which supported the Sensex were RIL up 1.06 per cent to Rs 1928.85, Infosys Technologies 0.69 per cent to Rs 1,576.90, Sterlite Industries 2 per cent to Rs 458, ICICI Bank 2.38 per cent to Rs 459.50, DLF Ltd 2.09 per cent to Rs 254.40, ACC 2.01 per cent to Rs 626 and SBI 0.88 per cent to Rs 1,279.

Meanwhile, the US Dow Jones Industrial Average closed 0.56 per cent higher yesterday, while Hong Kong's Hang Seng Index was up 2.14 per cent and Japan's Nikkei rose by 1.61 per cent in early trade today.