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Sensex gains 31 pts in early trading

The Sensex recovers over 31 pts in early trade on funds buying after IT major Wipro posts strong Q3 earnings.

india Updated: Jan 17, 2007 11:11 IST
Press Trust of India
Press Trust of India

The Bombay Stock Exchange benchmark Sensex recovered y over 31 points in early trading on Wednesday on funds buying after IT major Wipro posted strong earnings for the third quarter.

The 30-share sensitive index, which had lost nearly 15 points on Tuesday, was up by 31.55 points at 14,156.28 in the first five minutes of trading.

Similarly, on the wide-based National Stock Exchange, Nifty index gained 14 points at 4,094.50.

Stock brokers said technology sector stocks were in good demand after Wipro posted better than expected earnings for the third quarter, showing nearly 46 per cent rise in its net profits at Rs 738.90 crore.

Wipro stocks were up by Rs 14 at Rs 651 on funds and retail investors buying.

Stocks of Satyam Computers and Tata Consultancy Services also firmed up.

Other index-related stocks such as ACC, Grasim Industries, Hindalco, Hindustan Lever, Cipla, BHEL, MTNL and Hero Honda also strengthened.

First Published: Jan 17, 2007 11:11 IST