FIIs buying by Rs 832 cr boost equity markets

Mumbai, Mar 10 (UNI) The stock markets recovered all the losses suffered two days back and the benchmark index was trading 127 points up at 10,701 points at 1105 hrs.

Bombay Stock Exchange (BSE) 30 share sensitive index (Sensex) opened higher at 10,581 points as compared to last close of 10,573 points.

Good inflow of foreign funds boosted markets in early morning trade to a high of 10,721 points.

The net inflow of Rs 832.30 crore by the Foreign Institutional Investors (FIIs) in the cash market on Wednesday was reported by market regulator SEBI.

The 50-share National Stock Exchange (NSE) S&P CNX Nifty index was also up by 35 points at 3,164 points at 1112 hrs. Nifty opened flat at 3,129 points.

Capital Goods, Automobile and Metal sector were up with big gains of more than one per cent. Midcap Stock were seeing good buying too and the BSE Midcap index was up by 1.55 per cent. BSE Smallcap index was up by 1.49 per cent.

The top Sensex gainers were ACC, Gujarat Ambuja Cements, Larsen&Toubro, HDFC, Bharti Tele, BHEL, Hindalco, Tata Motors, Cipla and Maruti Udyog.

All the Sensex stocks were in the green there was no losers at this hour.

Gitanjli Gems and KEC International made their debut on the stock markets today.

Gitanjli Gems opened at Rs 210 on NSE against the issue price of Rs 195 for Rs 10 share and touched a high of Rs 226 and a low of Rs 169. It was trading at Rs 175 at 1143 hrs.

Another scrip KEC International opened at Rs 425 per share on both BSE and NSE against the face value of Rs 10 per share. It touched a high of Rs 490 and a low of Rs 405.60 on NSE. KEC International traded at Rs 424 at 1138 hrs.

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