Sensex up 131 pts on global cues
Extending its gains for the third day in a row, Sensex, rose over 131 points in opening trade today with shares of auto sector leading the rally, on continued foreign capital inflows amid firm global cues.business Updated: Dec 02, 2009 11:45 IST
Extending its gains for the third day in a row, the Bombay Stock Exchange benchmark index, Sensex, rose over 131 points in opening trade on Wednesday, with shares of auto sector leading the rally, on continued foreign capital inflows amid firm global cues.
Sentiments were also bolstered by robust auto sales, higher cement shipments and strong September quarter GDP data.
The 30-share BSE Sensex rose 131.41 points, or 0.76 per cent, to 17,329.68 points in early trade with most of the
sectoral indices trading in positive zone.
The wide-based National Stock Exchange index, Nifty, rose 39.75 points, or 0.77 per cent, to 5,161.75 points.
Brokers said market sentiments were bullish on the back of continued buying by foreign funds on strong global cues and
better-than-expected GDP data for September quarter. Also, the good sales figures for November posted by the auto industry
and higher dispatches by the cement makers pepped up the market mood. The GDP for the second quarter of this fiscal
stood at 7.9 per cent.
Stocks of country's most-valued firm RIL gained 0.26 per cent at Rs 1,100.70. Among auto stocks, Tata Motors surged 2.25 per cent to Rs 716.50 and Maruti Suzuki 1.79 per cent to Rs 1,616.50. Other gainers were Sterlite Industries up by 1.02 per cent to Rs 894 and Tata Steel 1.09 per cent to Rs 588.35.
In morning trade, Hong Kong's Hang Seng rose 1.17 per cent, while Japan's Nikkei gained 0.38 per cent. The US Dow
Jones Industrial Average had ended 1.23 per cent higher On Tuesday.