Sensex rises 77 points in opening trade
The 30-share BSE Sensex rose by 77.10 points to 15,475.43 points in opening trade on emergence of buying by funds and retail investors, triggered by firming trends in other Asian bourses.business Updated: Sep 04, 2009 10:59 IST
The Bombay Stock Exchange benchmark index Sensex on Friday recovered by over 77 points in opening trade on emergence of buying by funds and retail investors, triggered by firming trends in other Asian bourses.
The 30-share BSE Sensex rose by 77.10 points, or 0.50 per cent to 15,475.43 points in opening trade with all the sectoral indices rising up to 1.26 per cent. The BSE barometer had lost nearly 525 points, or 3.40 per cent in the past four sessions.
The wide-based National Stock Exchange index Nifty recovered by 23.50 points, or 0.51 per cent to 4,617.05 points.
Brokers said buying activity emerged on the domestic markets mostly on the back of firming trend at other Asian equity markets which were up by almost 0.55 per cent in the morning trade, buoyed by overnight gains on the US markets.
Major gainers were Reliance Industries by 0.72 per cent to Rs 1,946, Jaiprakash Associates by 1.05 per cent to Rs 217.45, Hindalco by 1.12 per cent to Rs 104, Tata Steel by 0.71 per cent to Rs 423.60 and Tata Consultancy Services by 0.37 per cent to Rs 537.40.