Sensex climbs 248 pts in opening trade on global cues

The Bombay Stock Exchange benchmark index Sensex surged by over 248 points in opening trade today on increased inflow of foreign funds triggered by firming trend in global markets.

Continuing its winning streak for the fifth consecutive session, the Bombay Stock Exchange benchmark index Sensex surged by over 248 points in opening trade on Thursday on increased inflow of foreign funds triggered by firming trend in global markets.

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The 30-share BSE Sensex rose by 248.87 points or 1.39 per cent to 16,432.42 points in opening trade, with realty, banking and metal sector stocks leading the rally. The BSE barometer had gained over 785 points in the past four sessions.

The wide-based National Stock Exchange index Nifty also shot up by 74.80 points or 1.25 per cent to 4,889.05.

Brokers said buying in domestic markets picked up momentum in tandem with firming global markets.

The major Sensex movers were Reliance Industries- up 0.70 per cent to Rs 2,184.60, ONG Corp up 0.70 per cent at Rs 1,1880, Reliance Infra up 1.41 per cent at Rs 1,207.80, Rcom up 1.85 per cent at Rs 305, DLF Ltd up 1.09 per cent at Rs 425, Infosys Technologies up 1.73 per cent at Rs 2,231.10, Tata Consultancy Services up 1.50 per cent at Rs 568.90 and Wipro up 1.32 per cent at Rs 549.40.