Sensex up 124 pts, Nifty regains 5,100-level in opening trade
The benchmark index Sensex today opened over 124 points up while the wide-based Nifty regained the 5,100-points mark on heavy buying, particularly in blue-chip stocks.Updated: Mar 05, 2010, 10:35 IST
The benchmark index Sensex on Friday opened over 124 points up while the wide-based Nifty regained the 5,100-points mark on heavy buying, particularly in blue-chip stocks.
The Sensex, which had ended lower by 28.31 points yesterday, gained 124.19 points or 0.73 per cent to 17,095.89 points.
The National Stock Exchange (NSE) index Nifty regained the 5,100-points level by rising 33.50 points or 0.65 per cent to trade at 5,113.75. It had last seen this level on December 23, 2009, when it had closed at 5,144.60 points.
Brokers said overnight gains in the US stock markets and a firm opening on other Asian bourses triggered buying.
Besides, covering up of short positions also supported the upside in stock prices, they added.
Among major gainers, Reliance Industries surged by 0.66 per cent to Rs 1,020.40, Reliance Infra by 0.93 per cent to Rs 1,034.75, DLF Ltd by 1.69 per cent to Rs 309.60, State Bank of India by 0.88 per cent to Rs 2,050.50, ICICI Bank by 0.97 per cent to Rs 906.70, BHEL by 0.90 per cent to Rs 2,469 and Sterlite Industries by 0.72 per cent to Rs 820.15.
Meanwhile, Japan's Nikkei rose 2.07 per cent, while Hong Kong' s Hang Seng index rose 0.50 per cent in the morning trade today. The Dow Jones Industrial Average had ended 0.46 per cent higher.