Sensex up 90 pts in opening trade, Nifty regains 4,700-level | business | Hindustan Times
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Sensex up 90 pts in opening trade, Nifty regains 4,700-level

business Updated: Aug 28, 2009 11:10 IST
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Continuing its winning streak for the seventh straight session, the Bombay Stock Exchange benchmark index Sensex moved up further by 90 points in opening trade on Friday as foreign funds pumped more money.

Firming trends in global markets also buoyed the trading sentiments.

The 30-share BSE Sensex rose by 90.45 points to 15,871.52 points in opening trade with most of the sectoral indices gaining up to 1.18 per cent. The BSE barometer had gained over 970 points in the past six session.

The National Stock Exchange index Nifty regained 4,700-points level and was up by 25.50 points, or 0.50 per cent, to 4,713.70.

Brokers said buying activity on the domestic markets gathered momentum after industry output grew by 7 per cent in July, the same as during the corresponding month last year, suggesting that decline in factory production has been by and large arrested.

They said beginning of September series in the derivatives segment also generated buying activity.

Among major gainers Reliance Industries rose 0.62 per cent to Rs 2,052.95, ONG Corp 0.55 per cent at Rs 1,182.50, Reliance Infra 0.52 per cent at Rs 1,146.15, Bharti Airtel 1.43 per cent at Rs 422.45, DLF Ltd 1.36 per cent to Rs 397.70, HDFC Ltd 1.06 at Rs 2,527, Larsen and Toubro 1.08 per cent at Rs 1,617.15 and Maruti Suzuki 1.10 per cent at Rs 1,429.

The Japan's Nikkei was up 0.41 per cent in the morning trade on Friday, while the US Dow Jones Industrial Average closed 0.39 per cent higher in Thursday's trade.