Sensex surges 131 pts in early trade on global cues

The Bombay Stock Exchange benchmark Sensex today rose by over 131 points in opening trade on buying by foreign funds driven by firming global trends.

The Bombay Stock Exchange benchmark Sensex on Tuesday rose by over 131 points in opening trade on buying by foreign funds driven by firming global trends.

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The 30-share index spurted by 131.19 points to 17,457.20 points with stocks of IT, realty and metal sectors leading the rally. The BSE barometer had gained 130 points in the previous two sessions.

The wide-based National Stock Exchange index Nifty moved up by 40.15 points to 5,181.95 points.

Stock brokers said pick up in buying by foreign funds bolstered by firming trends in the global markets and better
corporate earnings, influenced the trading sentiments on the domestic bourses here.

Stocks of state-run power producer NTPC rose 1.08 per cent to Rs 216.20 after the government approved a 5 per cent stake sale in the company.

Infosys Technologies rose by 1.02 per cent to Rs 2,216,TCS by 1.98 per cent to Rs 620.70, Wipro by 2.13 per cent to Rs 585.90, Reliance Industries by 0.41 per cent to Rs 2,233.90 and SBI by 1.40 per cent to Rs 2,496.80 among others.

The Hong Kong's Hang Seng index was up 0.70 per cent, while Japan's Nikkei gained 0.78 per cent in morning trade.

The US Dow Jones Industrial Average ended 0.96 per cent higher yesterday.