Sensex up 170 points on global cues

The Bombay Stock Exchange benchmark Sensex today gained 170 points in early trade on increased buying by investors and funds, influenced by a firming global trend.

The Bombay Stock Exchange benchmark Sensex on Friday gained 170 points in early trade on increased buying by investors and funds, influenced by a firming global trend.

HT Image

The 30-share index, which had lost 77.11 points yesterday, climbed 169.93 points or 1.18 per cent at 14,515.55 in the first five minutes of trading as funds were seen creating new positions on the first day of July contract in the derivatives segment.

Similarly, on the wide-based National Stock Exchange, Nifty rose 55.45 points or 1.30 per cent at 4,297.30 as heavyweight stocks like Reliance Industries and Infosys recorded handsome gains.

Marketmen said firming global trend after the Federal Reserve kept its fund rate steady, mainly influenced the trading sentiment here.

Hong Kong's Hang Seng index was up by 1.11 per cent, while Japan's Nikkei rose 0.50 per cent in the morning trade.