BSE Sensex opens firm at 14,293.11 pts

By Staff
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Google Oneindia News

Mumbai, Feb 2: The BSE Sensex today resumed higher at 14,293.11 points with a modest gain of around 25 points from its last close of 14,267.18 points on fresh speculative buying support from FIIs and mutual funds, brokers said.

Later, the Bombay Stock Exchange(BSE) Sensitive Index(Sensex) surged above the 14,400 mark, to strike an all-time high of 14,416.01 as buying continued from yesterday. At present, the Sensex is quoted up by 132.96 points, at 14,440.14. It had opened higher, at 14,293.11, and continued moving higher.

Meanwhile, the S&P CNX Nifty index of NSE also opened firm at 4,140.20 points. Later, it recorded a high at 4,183.25 points and a low at 4,132.95 points during intra-day session. The current index is touched high at 4,179.55 points with a modest gain of around 42 points from its last close of 4,137.20 points.

Gujarat Ambuja Cements was the top gainer, up 2.40 per cent to Rs 142.70, on a volume of 4.45 lakh shares.

Bharti Airtel (up 1.69 per cent to Rs 744), Satyam Computers (up 2.04 per cent to Rs 483.80) and HDFC Bank (up 1.78 per cent to Rs 1,121.80) were the other big gainers.

Index heavyweight Reliance Industries (RIL) was up 0.91 per cent to Rs 1,388 as volume of 43,888 shares.

Maruti Udyog gained 0.7 per cent to Rs 946, as the company raised prices of its models by up to Rs 12,000.

The US Federal Reserve's decision to keep interest rates steady has been warmly received. The benchmark Sensex had surged 176 points on Thursday (1 February, 2007) inspired by a rally across global bourses. The market may extend Thursday's gains on the back of firm global markets.

The Dow Jones industrial average shot up 51.99 points, or 0.41 per cent, to 12,673.68. The Standard&Poor's 500 Index gained 7.70 points, or 0.54 per cent, to 1,445.94.

The NASDAQ Composite Index rose 4.45 points, or 0.18 per cent, to 2,468.38.

The S&P 500 index had its highest close since September 2000, while the Dow also reached a record intra-day high at 12,682.57.

Nymex crude was flat in Asian trading on Friday at USD 57.31 a barrel, brokers added.

UNI

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