Sensex opens up at 14,215.33 points

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Mumbai, Sep 22: Following positive advices from the global markets, the key benchmark Sensex of Bombay Stock Exchange (BSE) on Monday, Sep 22 resumed high at 14,215.33 points, with a gain of 173.01, from its previous close of 14,042.32 points on fresh speculative demand from Foreign Institutional Investors.

Even the Nifty of National Stock Exchange (NSE) resumed high at 4,248.95 points, with marginal gain of 3.70, from its last close of 4,245.25 Brokers said extending last Friday's solid surge, the key benchmark indices opened higher. However, profit booking at higher level pulled the indices in the red within few minutes of opening. Stocks rose in Asia on hopes of a USD 700 billion bank bailout proposed by the United States over the weekend to tackle the US financial crisis. Key benchmark indices in Hong Kong, Japan, China, South Korea, Singapore and Taiwan were up between 0.24 per cent and 6.4 pc that helped the Indian bources, they pointed out.

The current week will see expiry of September 2008 derivatives contracts. The September 2008 contracts will expire on September 25. Roll over in Nifty futures till September 19 was about 18 pc, whereas Mini Nifty has seen rollover of about 31 per cent of positions.

Later, the BSE 30-share Sensex was up by 55.42 points to 14,097.74 points from its last finish of 14,042.32. The index recorded the low of 14,015.27 and the high of 14,221.04 points.

Similarly, the S &P CNX Nifty was up by 20.6 points to 4,265.85 points from its last finish. The BSE Mid-Cap index was up by 0.56 pc at 5,258.30, while the Small-Cap index was down by 0.49 pc at 6,246.68. Reliance Industries (RIL) fell 1.28 pc at Rs 2,078.10, followed by ICICI Bank down by 0.60 pc at Rs 624.30.

Infosys Technologies rose 0.13 pc at Rs 1,626. Reliance Infrastructure (up by 1.74 pc at Rs 906), ACC (up by 1.31 pc at Rs 612.95), Tata Steel (up by 1.19 pc at Rs 485.30), HDFC Bank (up by 0.82 pc at Rs 1,309.85), Tata Power Company (up by 0.85 pc at Rs 1,036), Housing Development Finance Corporation (up by 0.77 pc at Rs 2,325.60) edged higher among the Sensex pack.


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