Sensex up 201 points in early trade
The 30-share index surges 200.98 points to 15,970.70 on the back of buying by funds and retail investors, triggered by firming global markets.business Updated: Jun 06, 2008 10:55 IST
The Bombay Stock Exchange benchmark Sensex on Friday rose by about 201 points in early trade on the back of buying by funds and retail investors, triggered by firming global markets.
The 30-share index surged 200.98 points to 15,970.70 in the first five minutes of trade. It had risen by 254.93 points in the previous volatile session.
The National Stock Exchange's index Nifty gained 69.35 points at 4,746.30.
Marketmen said reports of firming trends in the global markets triggered buying by funds as well as retail investors, lifting Sensex higher.
In the US markets, the Dow Jones industrial Average rose nearly 214 points while the Nasdaq jumped 46.80 points. In Asian markets, Hong Kong's Hang Seng index was up 233 points while Japan's Nikkei's rose nearly 203 points in early trade.
Major gainers which supported Sensex were Infosys Technologies, Tata Consultancy, Wipro, Satyam Computers, Tata Steel, Tata Motors, Bharti Airtel, HDFC, Larsen and Toubro, BHEL, ITC Ltd and ACC.
However, shares of Reliance Industries and ONGC were down on some selling.