Sensex opens firm at 15,333.07 pts, 144 pts up

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Mumbai, Jun 16: The benchmark sensex of BSE today resumed positive at 15,333.07 points with a big gain of 143.45 points from it last Friday's close of 15,189.62, on fresh speculative demand from FIIs and Domestic Institutional Investors (DIIs).The key heavy weight index stocks opened on a firm note, on positive global cues. Fall in crude oil prices from record high and firm global markets boosted the sentiments. All the sectoral indices on the BSE were in green, a leading broker said.

Crude oil for July delivery fell as much as 86 cents to USD 134 a barrel, in the after-hours electronic trading on the New York Mercantile Exchange today, on speculation of increase in production by Saudi Arabia, reducing risks to global growth from near-record energy prices.

Asian markets were trading higher today on speculation that demand for the region's exports will be sustained as the yen weakened against the dollar and crude oil prices retreated. Japan's Nikkei was up by 1.47 per cent at 14,179.62, Hang Seng rose by 1.66 per cent at 22,966.30, Taiwan's Taiwan Weighted hiked 1.36 per cent at 8,215.54, Singapore's Straits Times gained 1.59 per cent at 3,027.07, South Korea's Seoul Composite also gained 0.92 per cent at 1,763.38 and China hiked 1.06 per cent at 2,899.153 edged higher.

The Dow Jones industrial average jumped 166 points at 12,307. The Nasdaq Composite index surged 50 points up at 2,454.50 on last Friday. The S&P 500 index advanced 20.16 points to 1360.03.

At present, the 30-share BSE Sensex was up 322.73 points or 2.12 per cent at 15,512.35. At the day's high of 15,553.37 Sensex gained 363.75 points in early trade.

Similarly, the broader based S&P CNX Nifty index of NSE today crossed 4,600 mark and was up 96.05 points or 2.13 per cent at 4,613.15 from it last close of 4,517.10. It resumed firm at 4,536.30 points later and recorded the day's high at 4617.470 points.

The BSE Mid-Cap index rose by 1.66 per cent to 6,331.30 and BSE Small-Cap index up 1.65 per cent to 7,706.99.

Banking shares were in demand after a sharp sell-off in the past few trading sessions. ICICI Bank was up by 4.37 per cent at Rs 798.25 followed by HDFC Bank by 2.98 per cent at Rs 1,156.80, Bank of India by 2.75 per cent at Rs 276.15, and Axis Bank by 2.36 per cent at Rs 721. The BSE Bankex was up by 2.91 per cent at 7261.69.

The top Sensex gainers were, Infosys Technologies that rose by 3.27 per cent at Rs 1,924.55 followed by HDFC Bank by 3.36 per cent at Rs 1,161.10, Housing Development Finance Corporation by 2.90 per cent at Rs 2,195, Bharti Airtel by 2.98 per cent at Rs 838.25 and Reliance Infrastructure by 2.27 per cent at Rs 1,043.50.

UNI

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