Sensex up 105 pts in early trade
In volatile trade, the Bombay Stock Exchange benchmark Sensex on Monday rose nearly 105 points in morning trade on emergence of buying by funds and investors, driven by recovery in some Asian markets.business Updated: Dec 14, 2009 11:11 IST
In volatile trade, the Bombay Stock Exchange benchmark Sensex on Monday rose nearly 105 points in morning trade on emergence of buying by funds and investors, driven by recovery in some Asian markets.
The Sensex rose by 104.95 points, or 0.61 per cent, to 17,223.98 points in morning trade. The index had ended with a loss 70.28 points, or 0.41 per cent, in the previous session on Friday.
The wide-based National Stock Exchange index Nifty also moved up by 27.50 points, or 0.53 per cent to 5,144.80 after dropping to 5,101.40.
Brokers said recovery in some of the Asian stock markets after a poor start helped the trading sentiment in the domestic bourses, triggering fresh buying by funds.
Most of the sectoral indices were in the positive zone with gains of up to 0.76 per cent. The sectoral rally was led by IT, Consumer Durables and Auto indices which rose by 0.86 per cent, 0.63 per cent and 0.55 per cent respectively.
Among major gainers, Reliance Industries rose 0.85 per cent to Rs 1,078, ONGC by 0.86 per cent to Rs 1,210, Reliance Infra by 0.57 per cent to Rs 1,071.95, Infosys Technologies by 0.74 per cent to Rs 2,473, DLF Ltd 0.54 per cent to Rs 384.65, BHEL by 0.68 per cent to Rs 2,380, Maruti Suzuki by 1.17 per cent to Rs 1,605.50 and ICICI Bank by 1.35 per cent to Rs 825.80.
The Hong Kong’s Hang Seng Index was up 0.09 per cent after declining by 1.20 per cent in volatile trade today.