Sensex up 87 points in early trade
The 30-share index rises by 86.90 points to 15,337.10 in the first minutes of trade due to buying in heavy-weight stocks by funds and retail investors.business Updated: Jun 13, 2008 10:27 IST
The Bombay Stock Exchange benchmark Sensex on Friday rose by about 87 points in early trade on the back of buying in heavy-weight stocks by funds and retail investors.
The 30-share index rose by 86.90 points to 15,337.10 in the first five minutes of trade. It had risen by 64.88 points in the previous volatile session.
The National Stock Exchange's index Nifty gained 24 points at 4,563.35.
Marketmen said reports of overnight rise in the US markets mainly supported funds based buying in Mumbai.
In the US, the Dow Jones industrial Average rose nearly 0.48 per cent while the Nasdaq gained 0.43 per cent.
Major gainers which supported Sensex were Infosys Technologies, Tata Consultancy, Wipro, Tata Motors, ICICI Bank, Larsen and Toubro, State Bank of India and Ranbaxy Lab.
However, shares of Reliance Industries, BHEL, ITC and Bharti Airtel were down on profit-taking.