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Sensex up 100 points in early trade

Sensex gained nearly 100 points on the Bombay Stock Exchange in the early morning trade to reach a new intra-day high on sustained buying by funds.

business Updated: Sep 07, 2007 11:34 IST

The benchmark Sensex on Friday breached the 15,700-mark after a gap of more than one month in a consistent surge on the back of sustained FII inflows and buying support from operators and retail investors.

The BSE 30-share barometer opened firm at 15,655.37 and later touched a high of 15,716.06, a rise of 99.75 points over Thursday's close of 15,616.31.

The Sensex, later, shed part of the early gains and was quoted at 15,657.09 at 10.30 am as traders booked profits in select front-line counters at the weekend.

Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) also advanced by 29.15 points to 4,547.75 from previous close of 4,518.60.

Meanwhile, global markets showed mixed trend after a smart recovery on Wall Street. The Dow Jones Industrial Average yesterday closed 57.88 points higher and the Nasdaq Composite Index gained 8.37 points.

However, Asian markets were narrowly mixed Friday's morning.

First Published: Sep 07, 2007 11:07 IST