Sensex up by 132 points on funds buying, global cues

Sensex opens firm, recovering by over 132 pts to quote above 14,000 mark on funds buying, triggered by firming global markets.

The Bombay Stock Exchange benchmark Sensex opened firm on Monday, recovering by more than 132 points to quote above 14,000 level on funds buying, triggered by firming global markets.

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The 30-share index (Sensex), which had lost 143.94 points in the previous session, shot up by 132.80 points to 14,067.07 in the first five minutes of trading largely on the back of a strong rally in index-related stocks.

Similarly, on the wide-based National Stock Exchange, Nifty was up by 40.30 points at 4,157.65. Stock brokers said reports of firming global markets buoyed the trading sentiments here.

Major gainers were Reliance Industries, Reliance Energy, Reliance Capital, Wipro, ONGC, Maruti Udyog, Mahindra and Mahindra and ICICI Bank.

The mid-cap sector index touched an all-time-high of 5,393.05 points with several stocks in the sector rising.