08 March,2010 10:27 AM IST | | Agencies
The Bombay Stock Exchange benchmark Sensex shot up by 193 points in opening trade on Monday on a flurry of buying by funds, driven by firm Asian bourses.
The 30-share index, which had gained 22.79 points in the previous session, spurted by 193.06 points, or 1.13 per cent to 17,187.55 points. The sectoral indices, led by realty and metal sectors, were trading in positive zone with gains of up to 2.13 per cent. The wide-based National Stock Exchange index Nifty also moved up by 58.40 points, or 1.10 per cent to 5,147.10 points during the early trade.
Stock brokers said trading sentiments were mainly helped by a strong rally on other Asian bourses after the weekend rally on the US markets on encouraging jobs and consumer data. Select covering-up of short positions by speculators also gave push to rising stock prices, they added.
Among prominent gainers were Reliance Industries (1 per cent to Rs 1,020), Infosys Technologies (0.89 per cent to Rs 2,657), ICICI Bank (2.28 per cent to Rs 922.40), DLF Ltd (2.20 per cent to Rs 323.50), Tata Steel (1.25 per cent to Rs 625.75) and Sterlite Industries (1.24 per cent to Rs 821).
