Sensex up by 105 points in early trade
The 30-share index, which has been on a record making spree during the last seven days, spurts by 105.67 points at 17,256.23 in first five minutes of trade.business Updated: Sep 28, 2007 10:36 IST
The benchmark Sensex, shot up by over 105 points to set a intra-day peak in early trade at the Bombay Stock Exchange on Friday on sustained buying by funds led by refinery stocks amid firming global trend.
The 30-share index, Sensex, which has been on a record making spree during the last seven days, spurted by 105.67 points at 17,256.23 in first five minutes of trade following a sharp rise in blue chip stocks led by Reliance Industries and some technology stocks.
Similarly, the wide-based National Stocks Exchange's index Nifty rose by another 36.70 point at 5037.25.
Marketmen attributed the consistent rise in key indices, Sensex and Nifty, to firm global stock markets such as US Dow Jones, Hong Kong's Hang Sang and Japan's Nekkei.
Hong Kong share prices opened 0.2 per cent higher on Friday with investors encouraged by further gains on Wall Street overnight and expectations of more investment from China, they said.