Sensex rises 190 points on firm global cues | business | Hindustan Times
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Sensex rises 190 points on firm global cues

business Updated: Apr 09, 2009 11:42 IST

Continuing its gaining streak for the sixth session in a row, the BSE benchmark Sensex on Thursday rose by another 190 points in early trade on increased capital inflows by funds, driven by overnight rally on the US markets and firming trend on other Asian bourses.

The 30-share index, which moved up by nearly 12 per cent in the last five sessions, gained 189.78 points, or 1.76 per cent, to touch almost six-month high of 10,932.12 points, a level last seen on October 10 last year, in early trade.All the sectoral indices were trading in positive zone with gains up to 3.42 per cent.

The wide-based National Stock Exchange's Nifty also soared 58.20 points, or 1.74 per cent, to 3,401.15.Stock brokers said overnight gains on the US markets and firming trend in other Asian bourses mainly bolstered the trading sentiment on the domestic markets. They added buying activity picked up on expectations of a rate cut by the RBI.

Major gainers were Reliance Industries, up by 0.98 per cent to Rs 1,741, Tata Motors by 4.95 per cent to Rs 233.30, Tata Steel by 3.20 per cent to Rs 250.25, Sterlite Industries by 2.41 per cent to Rs 393, State Bank of India by 2.50 per cent to Rs 1,152, ICICI Bank by 2.16 per cent to Rs 384.70.

Meanwhile, the US Dow Jones Industrial Average closed 0.61 per cent higher on Wednesday, while Japan's Nikkei gained 2.95 per cent and Hong Kong's Hang Seng 1.19 per cent in early trade on Thursday.