Sensex rises 97 points in early trade | business | Hindustan Times
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Sensex rises 97 points in early trade

business Updated: Jun 08, 2009 11:28 IST

The Bombay Stock Exchange benchmark Sensex rose 97 points in early trade today, extending its winning streak to the second session, on increased capital inflows by foreign funds even as other Asian markets are giving mixed cues.

The 30-share index, which had surged 94.87 points on Friday, gathered another 97.27 points at 15,200.82, after slipping to 14,761.90 in opening trade.

Similarly, the wide-based National Stock Exchange index Nifty rose 24.50 points to 4,611.40. The 50-share index had fallen to 4,576.10 in volatile deals at the outset.

Shares of cement companies, healthcare and capital goods are in good demand, buoyed by the government's plan to speed up investments in these sectors.

Major gainers were ACC by 1.29 per cent at Rs 869, Larsen and Toubro by 1.49 per cent at Rs 1,542, DLF Ltd 1.34 per cent at Rs 413.50, Sun Pharma by 2.09 per cent at Rs 1,370.

However, profit-taking in some heavy-weight stocks, as the Sensex has climbed nearly 90 per cent since March this year, capped gains to a certain extent.

Heavy-weight Reliance Industries, under pressure largely on profit-taking, was down 0.08 per cent at Rs 2,210.15.

Meanwhile in early trade, Japan's Nikkei was up 0.91 per cent, while Hong Kong's Hang Seng down 0.51 per cent.