MUMBAI: The Bombay Stock Exchange benchmark Sensex today opened over 170 points up on emergence of bargain buying by funds and investors in blue chip companies amid strong Asian cues.
The 30-share index rose by 170.53 points or 0.87 per cent to 19,755.97 points with all the sectoral indices trading in the positive territory. The index had lost 345.20 points in the previous session following deepening crisis over 2G spectrum allotment.
The National Stock Exchange index Nifty, too, moved up by 54.55 points or 0.90 per cent to 5,944.85 points.
Brokers said increased foreign fund inflows into equities and emergence of buying at lower levels by investors helped in Sensex recovery.
They said firming trend on the Asian bourses amid expectations of bail out of debt-ridden Ireland by the European Central Bank and IMF buoyed the trading sentiment.
In Asian markets, the Hong Kong's Hang Seng Index was marginally down by 0.29 per cent while the Japanese Nikkei gained 1.10 per cent in the morning trade.
Read more: Sensex opens 170 points high in morning trade - The Times of India http://timesofindia.indiatimes.com/business/india-business/Sensex-opens-170-points-high-in-morning-trade/articleshow/6967831.cms#ixzz15z0yvKVK
The 30-share index rose by 170.53 points or 0.87 per cent to 19,755.97 points with all the sectoral indices trading in the positive territory. The index had lost 345.20 points in the previous session following deepening crisis over 2G spectrum allotment.
The National Stock Exchange index Nifty, too, moved up by 54.55 points or 0.90 per cent to 5,944.85 points.
Brokers said increased foreign fund inflows into equities and emergence of buying at lower levels by investors helped in Sensex recovery.
They said firming trend on the Asian bourses amid expectations of bail out of debt-ridden Ireland by the European Central Bank and IMF buoyed the trading sentiment.
In Asian markets, the Hong Kong's Hang Seng Index was marginally down by 0.29 per cent while the Japanese Nikkei gained 1.10 per cent in the morning trade.
Read more: Sensex opens 170 points high in morning trade - The Times of India http://timesofindia.indiatimes.com/business/india-business/Sensex-opens-170-points-high-in-morning-trade/articleshow/6967831.cms#ixzz15z0yvKVK
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