E-Paper
Sensex up 110 points in opening trade on global cues
The Bombay Stock Exchange benchmark Sensex on Tuesday rose by 110 points, or 0.66 per cent, in opening trade on fresh capital inflows by funds and retail investors driven by firming global markets.
The Bombay Stock Exchange benchmark Sensex on Tuesday rose by 110 points, or 0.66 per cent, in opening trade on fresh capital inflows by funds and retail investors driven by firming global markets.
The 30-share index gained 110.39 points at 16,711.59 points. The BSE barometer had lost about 310 points in the previous three sessions.
The wide-based National Stock Exchange index Nifty moved up by 34.40 points, or 0.65 per cent, to 4,987 points.
Brokers said sentiments turned better on fresh spell of buying by foreign funds as well as retail investors, triggered by gains on the overseas markets on increasing signs that the US and global economies were recovering.
Covering-up of short positions by speculators also supported the upside in stock prices.
However, trading activity remained lower than usual largely due to approaching year-end, they added.
Among major gainers, Reliance Industries was up by 0.71 per cent at Rs 1,023.80, Reliance Infra by 1.07 per cent at Rs 1,038 and RCom by 1.13 per cent at Rs 170.70.
Sterlite rose by 0.56 per cent to Rs 806.60 and Tata Steel by 1.43 per cent to Rs 563.50.
The Hong Kong's Hang Seng index was up 1.2 per cent, while Japan's Nikkei up 1.1 per cent in the morning trade on Tuesday. The US Dow Jones Industrial Average ended 0.83 per cent higher in Monday's trading.
