Sensex up 372 points at 1145 hrs | business | Hindustan Times
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Sensex up 372 points at 1145 hrs

business Updated: Apr 17, 2009 15:23 IST

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After a brief pause on Thursday, the Bombay Stock Exchange 30-share barometer moved up by 371.89 points at 1145 hrs on the back of renewed buying support, triggered by strong global cues.

Global equity markets rallied smartly on expectations of increased demand and some stability in the US economy.

Marketmen said the local market is strongly optimistic about positive developments such as further easing of monetary policy by the Reserve Bank of India as inflation is nearing to zero per cent level.

The benchmark Sensex was quoted higher at 11,319.29 at 1145 hrs, a net rise of 371.89 points from its previous close.

The National Stock Exchange 50-share Nifty also gained 120.05 points at 3,489.55 at 1145 hrs from its last close.

Brokers said consistent FII positive activity also aided the market sentiment.

As per provisional figures, Foreign Institutional Investors pumped in Rs 479 crore in equity on April 16, the day the market tumbled by 337 points.