Sensex opens 100 points up at 19,628

Mumbai, Dec 5: The benchmark Sensex at Bombay Stock Exchange today opened about 100 points up at 19,628.85 on positive note with mid-cap and small-cap shares at the lead.

Similarly, National Stock Exchange's (NSE's) Nifty opened marginally up at 5,861.90 as compared to previous close of 5,858.35.

The local market held in green during the early afternoon trade, at the gain of over 75 points with most Asian markets hovering in positive zone. Consumer durables stocks were in focus. Tata Motors edged higher. Mid-cap and small-cap stocks were in demand. Market breadth was strong. 23 out of 30 stocks from the Sensex pack were in green. Most of the Asian indices were in green, traders said.

The BSE Mid-cap and CNX Mid-cap indices were 1.3 per cent and 1.21 per cent higher. Market breadth on BSE showed 1231 advances against 180 declines. Credit worries got the better of US investors in last evening trade.

US markets ended lower for second straight day yesterday. The Dow Jones industrial average slipped 65.8 points to 13248.73 and Nasdaq Composite index slipped 17.3 points at 2619.83.

As per provisional data, foreign institutional investors (FIIs) sold shares worth a net Rs 332.86 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 116.31 crore yesterday, in cash market.

UNI