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Sensex soars by 54 points in early trade

The BSE-30 share index rises to 14,138.36 in the first five minutes of trading, on fund buying in select heavy-weight stocks.

business Updated: Jun 12, 2007 10:31 IST

The benchmark Sensex rose by over 54 points in early trade on Tuesday on the Bombay Stock Exchange on the back of buying by funds in select heavy-weight stocks.

The BSE-30 share index, Sensex, which had gained 19.60 points in the previous session, was up by 54.95 points at 14,138.36 in the first five minutes of trading.

Similarly, the wide-based National Stock Exchange's Nifty rose 21.25 points at 4,166.85.

Stock brokers said despite weakening trends at other Asian markets, foreign funds made selective purchases on the domestic bourses here, helping Sensex to quote in positive zone.

Major gainers were Reliance Industries, Reliance Communications, Larsen and Toubro, HDFC Bank, Infosys Technologies, Hindustan Lever and ICICI Bank.

First Published: Jun 12, 2007 10:26 IST