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Sensex up 132 points in early trade

The benchmark index soars by 129.58 points to open at 15,679.66 in the first five minutes of trade.
PTI | By HT Correspondent, Mumbai
UPDATED ON JUL 20, 2007 07:25 PM IST

The Bombay Stock Exchange benchmark Sensex rose over 132 points in early trade on Friday on the back of buying by foreign funds in heavy-weight stocks led by Reliance Industries.

The BSE-30 index, which had been on upward march last few trading session gained another 132.90 in first five minutes of trade, setting a new intra-day peak.

Similarly, the wide-based National Stock Exchange's Nifty also surged 38.70 points to 4600.80, crossing a new mile-stone at 4600 level.

The buying activity was more confined to refinery and communication stocks led by Reliance Industries at a new high over Rs 1900 and Reliance Communication at Rs 583.

The prevalent hopes of strong Q1 earnings from corporate majors and firming Asian markets enthused the trading sentiments, stock brokers told.

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