Sensex up 111 points in opening trade
Extending its winning streak for the fifth session in a row, the Bombay Stock Exchange benchmark Sensex today rose by over 111 points in opening trade on heavy buying by foreign funds, driven by firming trends in global markets.business Updated: Aug 26, 2009 10:59 IST
Extending its winning streak for the fifth session in a row, the Bombay Stock Exchange benchmark Sensex on Wednesday rose by over 111 points in opening trade on heavy buying by foreign funds, driven by firming trends in global markets.
The 30-share index shot up by 111.38 points, or 0.71 per cent to 15,799.85, with IT and realty stocks leading the rally. The BSE barometer had rallied almost 880 points in the past four sessions.
The wide-based National Stock Exchange's index Nifty rose by 35.00 points to 4,694.35.
Brokers said buying activity picked up momentum largely on the back of firming trend at other Asian equity markets, which were up by almost 0.5 per cent in morning trade.
Stocks of software exporters continued their upward journey on the back of a firming US dollar against the rupee as most of their revenues come in the US currency.
Infosys rose by 3.80 per cent at Rs 2,175.80, TCS 1.99 per cent to Rs 593 and Wipro 1.84 per cent to Rs 554.50.
Other gainers which supported the Sensex were RIL up by 0.55 per cent to Rs 2,034.85, Reliance Infra by 1.13 per cent to Rs 1,154.05, RCom by 1.51 per cent to Rs 266.20, DLF Ltd 2.53 per cent to Rs 403.20.
Meanwhile, Japan's benchmark index Nikkei surged by 1.36 per cent, while Hong Kong's Hang Seng index was up 0.46 per cent in morning trade today. The US down Jones Industrial Average ended 0.32 per cent higher on Friday.