Sensex rises 84 points in early trade
The Bombay Stock Exchange benchmark Sensex rose by 84 points to a six-week high in early trade on buying by foreign funds tracking firm trends in other Asian equity markets.
Mumbai: The Bombay Stock Exchange benchmark Sensex rose by 84 points to a six-week high in early trade on buying by foreign funds tracking firm trends in other Asian equity markets.
The 30-share index gained 84.13 points, or 0.54 percent at 15,463.09 points in early trade. It had surged by 3.61 percent in the past two sessions.
The wide-based National Stock Exchange index Nifty moved up by 25.05 points, or 0.54 percent, to 4,593.60 points.
Marketmen attributed rise in stocks to pick up in buying by foreign funds, triggered by firming Asian markets which were trading almost 2 percent up in the morning trade.
However, the rising trend was checked to some extent by heavyweight Reliance Industries, which fell by 4.90 percent to Rs 1,915 on lower-than-expected first quarter earnings.
Major gainers were Infosys Technlologies (up by 0.96 percent) at Rs 2,022.65, ONGC by 1.13 percent at Rs 1138.90, Sterlite Industries by 1.13 percent at Rs 660.30, Tata Steel by 1.36 percent at Rs 445.90, Tata Power by 1.88 percent at Rs 1,194.85, DLF Ltd by 1.71 percent at Rs 400.40 and BHEL by 1.23 percent at Rs 2,230.25.
The Hong Kong`s Hang Seng was up nearly 2 percent, while Japan`s Nikkei gained 1.76 percent in morning trade today.