Sensex up over 239 points in opening trade
The 30-share index shot up by 239.86 points to 14,493.10 points, extending winning-streak for the third straight day, on sustained buying by foreign funds largely on encouraging quarterly results amid firming global trends.business Updated: Jul 16, 2009 10:44 IST
The Bombay Stock Exchange benchmark index, Sensex, rose over 239 points in early trade on Thursday, extending winning-streak for the third straight day, on sustained buying by foreign funds largely on encouraging quarterly results amid firming global trends.
The 30-share index which had gained over 850 points in the past two sessions, shot up by another 239.86 points to 14,493.10 points in opening trade.
The wide-based National Stock Exchange's Nifty gained 71.50 points at 4,305.00 points.
Marketmen said emergence of buying at prevailing lower levels and funds covering-up of pending short positions by speculators pushed up the indices for the third straight day.
They said firming trend in overseas markets led by US mainly capped the market in better safe.
The major gainers which supported the Sensex were Reliance Industries by 0.77 per cent to Rs 1,889.50, ICICI Bank by 2.81 per cent to Rs 716, Larsen and Toubro 2.01 per cent to Rs 1,458.90, Infosys by 1.18 per cent to Rs 1,812, Reliance Infra by 1.86 per cent to Rs 1,124.80 and Tata Steel by 3.34 per cent to Rs 392.90.
Japan's Nikkei was up 1.43 per cent, while Hong Kong's Hang Seng index gained 1.75 per cent in the morning trade on Thursday.