Sensex gains 174 points in opening trade on Asian cues
The Bombay Stock Exchange benchmark Sensex on Thursday rose over 174 points in opening trade on fresh capital inflows by foreign funds driven by firm trend in other Asian bourses amid expectations of positive IIP data.business Updated: Feb 11, 2010 10:02 IST
The Bombay Stock Exchange benchmark Sensex on Thursday rose over 174 points in opening trade on fresh capital inflows by foreign funds driven by firm trend in other Asian bourses amid expectations of positive IIP data.
All the sectoral indices were trading in positive zone with gains of up to 1.80 per cent.
The 30-share index increased by 174.47 points, or 1.10 per cent, to 16,096.64 points. The BSE barometer had lost 120.01 points in the previous trading session.
The wide-based National Stock Exchange index Nifty regained 4,800 points level to trade 52.65 points, or 1.10 per cent, higher at 4,809.85 points.
Brokers said firming trend on the Asian markets and expectations of positive industrial production data, to be released by the government later today, mainly buoyed the trading sentiments, triggering buying by funds.
Among major gainers were Reliance Industries up 0.76 per cent to Rs 992.10, Wipro by 1.16 per cent to Rs 655.30, TCS by 0.89 per cent to Rs 738.50, DLF Ltd by 1.84 per cent to Rs 307.30, State Bank of India by 1.19 per cent to Rs 1,932.05 and Tata Steel by 1.57 per cent to Rs 530.75.
Meanwhile, Hong Kong's Hang Seng edged higher by almost 1.45 per cent in the morning trade, while Japan's Tokyo Stock Exchange remained closed today.