Sensex climbs up 610 pts in opening trade

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Mumbai, Apr 2: The benchmark Sensex of Bombay Stock Exchange climbed up 610.08 points at 16,236.70, on strong global cues in opening trade. Sensex resumed the day with an upward gap of 396.68 points at 16,023.30 from its previous close of 15,626.62 and advanced further to hit a high of 16,236.70, in early trade on sustained buying interest in the market. The broader based S &P CNX Nifty index of National Stock Exchange was up 139.65 points or 2.95 per cent at 4,879.20.

Strong global cues boosted the bourses at the onset of the trading session today. US stocks rallied on Tuesday after Lehman Brothers said it raised USD 4 billion in an offering of convertible preferred shares, brokers said. The market breadth was positive. All the 30 Sensex stocks advanced. Index heavy weights, ICICI Bank surged 6.56 per cent to Rs 807.05 on 2.26 lakh shares. It was the top gainer from Sensex pack in the opening trade. State Bank of India moved up 4.28 per cent to Rs 1694 and HDFC Bank was up 4.12 per cent to Rs 1362, joined the upward rally.

Reliance Industries rose 3.48 per cent to Rs 2425.15 on 2.33 lakh shares.

As per provisional data, foreign funds sold shares worth a net Rs 638.86 crore yesterday. Domestic funds sold shares worth a net Rs 289.56 crore on that day.

FIIs were net sellers of Rs 715.33 crore in the futures&options segment on the same day. They were net sellers of index futures to the tune of Rs 1,026.14 crore and bought index options worth Rs 244.24 crore. They were net buyers of stock futures to the tune of Rs 52.52 crore and bought stock options worth Rs 14.05 crore.

UNI

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