Sensex Up 96 Points In Early Trade

The Bombay Stock Exchange benchmark Sensex moved up by 96 points in early trade on Thursday with heavyweight stocks, led by construction segment, attracting investors.

The 30-share index, which gained over 19 points on Wednesday, added another 95.52 to 17,921.51 points in the first five minutes of trade.

National Stock Exchange index Nifty also rose by 23.30 points to 5,291.70 points as Reliance Industries, Infosys and HDFC Bank begun on a promising note.

Construction company stocks were at the centre of brisk buying. Hectic buying was seen at refinery counters also.

Sensex Up 277 Points In Early Trade

The Bombay Stock Exchange benchmark Sensex gained 277 points in early trade on Wednesday on heavy buying by funds, tracking the global trend.

The 30-share index, which moved up by 156 points on Tuesday, added another 277 to 18,083.63 points in the first five minutes of trade.

Wide-based C&X Nifty of the National Stock Exchange rose by 82.10 points to 5,352.90 points as most of the heavy weights gained substantial ground.

Report of a rising trend in the US and Asian stock Markets fuelled the surge to some extent.

Sensex Up 233 Pts; Banks Lead

MUMBAI - The market opened on a positive note Tuesday tracking a bounce in global indices. Banks and oil shares led the advances. At 10:05 am, the Bombay Stock Exchange's Sensex was up 233 points or 1.4 per cent at 16,864.33. The National Stock Exchange's Nifty was up 53 points or 1.3 per cent at 4920.1

Biggest Nifty gainers in early trade comprised ICICI Bank (up 3.5%), SAIL (3.33%), Satyam Computer (3.31%), Sterlite (3.14%), Punjab National Bank (2.93%) and VNSL (2.73%). Glaxo (down 1.2%), Ranbaxy Laboratories (0.98%), Sun Pharmaceuticals (0.73%), ITC (0.46%) and Ambuja Cements (0.13%) were the losers.

Asian shares were moderately higher Tuesday taking cues from the positive close in the US. However, investors were not completely convinced by the rebound. The Nikkei 225 was up 0.81 per cent, the Hang Seng added 1.93 and the Straits Times climbed 1.65 per cent.

US indices ended higher Monday as higher oil prices saw energy shares lead the rally. The Dow Jones Industrial Average rose 0.48 per cent, the Standard & Poor's 500 Index added 0.59 per cent and the Nasdaq Composite Index gained 0.66 per cent.

Sensex up ahead of RBI meet

Mumbai (PTI): The Bombay Stock Exchange benchmark Sensex rose 314 points in early trade following revival of buying at existing lower levels on expectations that the RBI may cut interest rates in its policy review meeting Tuesday.

The 30-share index, Sensex, which lost 209 points Monday, moved up by 314.29 points to 18,467.07 in the first five minutes of trade.

The National Stock Exchange's index, Nifty, increased by 102.70 points to 5,376.80 as most of the heavy-weight stocks gained fresh ground.

Buying activity picked up on expectations that the apex bank may slash interest rates in its policy review meeting later Tuesday, following the footsteps of US counterpart, marketmen said.

The US Federal Reserve had last week cut interest rates by 75 basis points.

They added firm global trend also boosted the market sentiment.

Market Continues Uptrend; Sensex up 345 pts

MUMBAI: Equities extended Wednesday’s gains opening sharply higher taking cues from rise in global shares. Early gains in real estate, energy and FMCG heavyweights added over two per cent to the benchmarks on Thursday.

At 10:05 am, the Bombay Stock Exchange’s Sensex was up 346 points or 1.97 per cent at 17,939.97. It touched a high of 18,096.31, after opening at 17,920.98.

Biggest Sensex gainers comprised ACC (up 6.62%), Mahindra & Mahindra (5.84%), HDFC (5.26%), Hindustan Unilever (3.93%) and ITC (3.9%).

Bharti Airtel (down 0.38%) and Maruti Suzuki (0.26%) were the losers.

The National Stock Exchange’s Nifty was at 5303.60, higher by 100 points or 1.93 per cent over Wednesday. The index touched a high of 5355.25 and low of 5194.70 so far.

“With stocks having risen substantially yesterday, their ability to do an encore would be restricted. Traders are advised to watch the market closely and bail out at the first signs of a correction. Use of tight stop losses is recommended. The stop loss can be raised as the market rises, but do not lower the stop loss and allow it to be triggered,” said Anagram Stock Broking in a note.

Reliance Power seeks SEBI nod for early allotment to QIBs

Key US indices ended a volatile session with substantial gains as investors bought stocks expecting another rate cut shortly from the Federal Reserve. The Dow Jones Industrial Average rose 2.5 per cent, the Standard & Poor's 500 Index was up 2.14 per cent and the Nasdaq Composite Index gained 1.05 per cent.

Asian stocks rose for a second day on speculation regulators will coordinate efforts to support financial companies following a meltdown in credit markets. The Nikkei 225 was up 1.42 per cent, the Hang Seng added 1.4 per cent and the Straits Times shot up 3.86 per cent.