Sensex surges 181 points on funds buying | business | Hindustan Times
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Sensex surges 181 points on funds buying

business Updated: May 10, 2007 10:24 IST

The stock market opened firm on Thursday with the Bombay Stock Exchange benchmark Sensex rising by over 181 points on funds buying following the US Federal Reserve's decision to keep interest rates unchanged.

The 30-share index (Sensex), which had gained over 16 points on Wednesday, climbed 181.31 points at 13,962.82 in the first five minutes of trading largely on the back of a strong rally in index-related stocks.

Similarly, on the wide-based National Stock Exchange, Nifty was up by 39.30 points at 4,118.60.

Stock brokers said reports that the US Federal Reserve kept the benchmark interest unchanged, triggered a fresh spell of buying by foreign funds.

Stocks of IT, auto, oil and gas, banking and capital goods sectors were the major gainers, lifting the Sensex higher.