Sensex up 69 points in early trade
The BSE Sensex moved up by 69 points and regained the 14k level in early trade on selective buying by funds in heavy-weight stocks, led by tech, metal and realty sectors.Updated: Jul 10, 2008 10:31 IST
The Bombay Stock Exchange benchmark Sensex moved up by 69 points and regained the 14k level in early trade on Thursday on selective buying by funds in heavy-weight stocks, led by technology, metal and realty sectors.
The 30-share index, which had gained 614.61 points on Wednesday, gathered another 69.21 points to 14,033.47 after slipping to 13,851.59 points at the outset.
The wide-based National Stock Exchange index's Nifty rose by 29.45 points to 4,186.55.
Stock brokers said easing crude oil prices and firm Asian stock markets mainly buoyed the trading sentiments here.
Expectations that tech major Infosys Technologies might post encouraging first quarter results tomorrow also triggered buying interest in other technology stocks, they said.
Major gainers, which supported the Sensex were Rcom, Reliance Infra, Infosys Technologies, Wipro, Tata Consultancy, DLF Ltd, Jaiprakash Associates, ONGC, Tata Steel and ACC.
However, Reliance Industries, Maruti Suzuki and State Bank of India were in the negative zone on some selling.