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Sensex rises 67 points in opening trade

Bombay Stock Exchange benchmark Sensex today rose by over 67 points in opening trading on emergence of buying by funds, ahead of the announcement of Q4 earnings by the country's most-valued firm, Reliance Industries.

business Updated: Apr 23, 2009 10:53 IST

Snapping a three-session losing streak, the Bombay Stock Exchange benchmark Sensex today rose by over 67 points in opening trading on emergence of buying by funds, ahead of the announcement of Q4 earnings by the country's most-valued firm, Reliance Industries.

The 30-share barometer, which had lost over 200 points in the past three sessions, recovered 67.87 points, or 0.62 per cent, to 10,885.41 in opening trade.

Similarly, the wide-based National Stock Exchange's Nifty gained 22.70 points to 3,353.

Marketmen said emergence of buying, though selective, by foreign funds ahead of the announcement of Q4 earnings by Reliance Industries later in the day and recovery on the other Asian equity markets, helped sentiments to improve.

Reliance Industries's scrip gained 0.30 per cent at Rs 1,727. Other gainers were RCom which moved up by 1.42 per cent to Rs 217.10, Reliance Infra by 1.16 per cent to Rs 676.10, Sterlite Industries by 1.31 per cent to Rs 372.50, Tata Steel by 0.35 per cent to Rs 242, Tata Motors by 1.29 per cent to Rs 235.25, Tata Consultancy by 1.11 per cent to Rs 549, Wipro by 1.63 per cent to Rs 286.25.

Meanwhile, the US Dow Jones Industrial average closed 1.04 per cent down yesterday after the IMF said the world economy has fallen into a severe recession, while Hong Kong's Hang seng and Japan's Nikkei were trading marginally up in early trade on Thursday.