Sensex up 117 points on global cues, short covering
The Bombay Stock Exchange benchmark Sensex today moved up by over 117 points in early trade on fresh buying by funds, tracking firming global cues.business Updated: Jun 24, 2009 11:13 IST
The Bombay Stock Exchange benchmark Sensex on Wednesday moved up by over 117 points in early trade on fresh buying by funds, tracking firming global cues.
The BSE-30 share index, Sensex, which remained volatile and ended flat at 14,324.01 yesterday, rose by 117.49 points or 0.82 per cent at 14,441.50 in the first five minutes of trade on the back of a significant rise in heavy-weight stocks.
Similarly, on the wide-based National Stock Exchange, Nifty gained 36.70 points at 4,283.70 or 0.86 per cent.
Stockbrokers said firming Asian stock markets mainly influenced the trading sentiments here, triggering all-round buying.
Covering-up of short positions by speculators also influenced the trading, they said.
Hong Kong's Hang Seng index was up 1.23 per cent, while Japan's Nikkei rose by 0.70 per cent in morning trade today.