Sensex opens 234 points high in early trade
The BSE benchmark Sensex rose by over 234 points in the opening trade today, on robust country export figures and better-than-expected expansion of the economy.business Updated: Dec 02, 2010 10:42 IST
The BSE benchmark Sensex rose by over 234 points in the opening trade on Thursday, on robust country export figures and better-than-expected expansion of the economy.
The 30-share index of the Bombay Stock Exchange (BSE) that had gained 713.39 points in previous last three sessions, rose by another 234.25 points or 1.18% to reach 20,084.25 level in first five minutes of trading.
The Sensex rally was backed by surge in realty and banking stocks.
Likewise, the wide-based National Stock Exchange (NSE) Nifty index moved up by 68.60 points to 6,029.50 points, buoyed by the news of a 21.3% rise in exports for the six months spanning April-October 2010.
The brokers said that the surge reflected investors'confidence after robust economic growth figures and a rise in country's total exports reinforced the impression that Indian growth story was still intact.
Besides, they said, a better trend in Asian regions further fuelled the uptrend. In other Asian markets, Hong Kong's Hang Seng Index Japan's Nikkei Index were up by 1.13% and 1.78%, respectively.
In the US, the Dow Jones Industrial Index ended 2.27% high than its previous close.