Sensex up 67 points in early trade
In choppy trade, the Bombay Stock Exchange benchmark Sensex moved up by 67 points in early trade on the back of funds buying in select index-related stocks.business Updated: Aug 04, 2008 10:26 IST
In choppy trade, the Bombay Stock Exchange benchmark Sensex moved up by 67 points in early trade on Monday on the back of funds buying in select index-related stocks.
The 30-share index, which gained 300.94 points on Friday, rose by 67.29 points at 14,723.98 points after dipping to 14,578.92 at the outset of session on profit-taking in heavy-weight stocks.
Similarly, the wide-based National Stock Exchange index Nifty rose 22.60 points to 4,436.15.
Marketmen said increased buying by funds in banking, capital goods and technology stocks mainly influenced the trading sentiments.
They said, however, weak trends in Asian markets were ignored here.
Major gainers which supported the Sensex were Rcom, State Bank, ICICI Bank, Infosys Technologies, Larsen and Toubro, BHEL, ACC, Reliance Infra, Maruti Suzuki, NTPC Ltd, Ranbaxy, Satyam Computers and Tata Power.
Meanwhile, in other Asian market, Hong Kong share prices opened 1.0 per cent down, tracking Wall Street's fall on Friday following the release of negative US economic data.