Sensex surges 214 points in opening trade on global cues
Sensex, which had gained 188.33 points in the previous session, rose by 214.O2 points to 16,440.70 points in the opening trade with metals, consumer durables and realty stocks leading the rally.business Updated: Feb 17, 2010 10:29 IST
The Bombay Stock Exchange benchmark Sensex flared up by a whopping 214 points or 1.32 per cent in opening trade on Wednesday, extending yesterday's gains on more capital inflows by foreign funds, driven primarily by a rally on global bourses.
The 30-share index, which had gained 188.33 points in the previous session, rose by 214.O2 points to 16,440.70 points in the opening trade with metals, consumer durables and realty stocks leading the rally.
The wide-based National Stock Exchange index Nifty regained the 4,900-points level by rising 56.70 points, or
1.14 per cent at 4,912.45 points.
Stockbrokers said trading sentiments were mainly helped by an overnight gain on the US markets and firming trend on
other Asian bourses, triggering widespread buying by funds.
The BSE metal sector index rose the most with a gain of 2.21 per cent at 16,271.62 with stocks of Hindalco rising 4,20
per cent to Rs 151.35. Hindustan Zinc rose by 3.15 per cent to Rs 1,106.95, Sterlite Industries by 2.53 per cent to Rs 781, JSW Steel by 2.55 per cent to Rs 1,048 and Tata Steel by 4.08 per cent to Rs 572.30.
Other gainers were Reliance Industries by 0.91 per cent to Rs 1,026.70, Infosys Technologies by 0.70 per cent to Rs
2,553.40 and State Bank of India by 0.70 per cent to Rs 1,933.70.
The Hong Kong's Hang Seng index was up by almost 1.5 per cent in the morning trade today. The US Dow Jones
Industrial Average ended 1.68 per cent higher in yesterday's trade.