Sensex rallies by 219 points on firm Asian cues
Bombay Stock Exchange benchmark Sensex today opened almost 55 points higher than its previous close on emergence of select buying by funds and retail investors amid a firming trend on other Asian bourses.business Updated: Apr 18, 2011 11:01 IST
BSE benchmark Sensex rallied by 219 points in the early trade on renewed buying, mainly, in Auto, Consumer Durable, Oil & Gas, Capital Goods and Banking counters amid firm Asian cues. Among the 30-member Sensex pack, 18 scrips advanced including, Sterlite Industries, Hindalco Industries and Reliance Infrastructure that gained between 1.03-1.55 percent. India's largest bike maker by sales, Hero Honda Motors, rose by 2.68 per cent, extending last two days' rally triggered by the announcement of a liberal interim dividend of Rs 70 per share for the year ended March 2011.
Asian stocks rose in the early trade as investors bet that China's latest round of policy tightening won't dent prospects of a global economic recovery. The key benchmark indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose by 0.03-0.39 per cent.
At home, BSE benchmark Sensex shot up by 218.86 points or 1.13 per cent to 19,605.68 at 1015 hrs from its last weekend's level. The NSE 50-share Nifty also moved up by 59.15 points, or 1.02 per cent to 5,883.70 from its last close.