Sensex opens over 62 points up on global cues
The Bombay Stock Exchange benchmark Sensex gained over 62 points in the opening trade today on capital inflows by foreign funds amid a strengthening global market.business Updated: Apr 12, 2010 10:42 IST
The Bombay Stock Exchange benchmark Sensex gained over 62 points in the opening trade today on capital inflows by foreign funds amid a strengthening global market.
The 30-share index, which rallied by 218.74 points in the previous session, rose by 62.11 points, or 0.34 per cent to 17,995.25 points in opening trade with Reliance Industries leading the gains.
Marketmen said expectations of positive industrial output data for February and strong quarter earnings by corporates also supported the upside in stock prices.
The wide-based National Stock Exchange index Nifty also went up by 20.40 points, or 0.38 per cent to 5,382.15 points.
Shares of Reliance Industries shot up by 1.4 per cent to Rs 1,138.80 following the company's announcement last week that it would pay 1.7 billion US dollar to form a joint venture with Atlas Energy.
Among other gainers Sun pharma was up 1.91 per cent to Rs 1,804, Maruti Suzuki 0.73 per cent to Rs 1,391.20, Hero Honda 0.55 per cent to Rs 2,068.15 and Bharti Airtel by 0.54 per cent to Rs 309.70.
The US Dow Jones Industrial Average ended 0.64 per cent higher in the previous session, while Hong Kong's Hang Seng index gained 0.19 per cent and Japan's Nikkei was up 0.98 per cent in the morning trade today.