Sensex climbs 170 points in the opening trade

Mumbai, Jun 26: Sensex of Bombay Stock Exchange furthered the previous gain and climbed 170 points at 14,390 on positive global cues in the opening trade on Thursday, June 26. The benchmark index resumed the day on a firm note with an upward gap of 80.65 points at 14,300.72 and pared the gains on sustained early buyings tracking advances in global markets. The broader-based S &P CNX Nifty index of National Stock Exchange was up 31.90 points at 4,281.85.

US Federal Reserve has decided to keep interest rates steady and an overnight fall in crude oil prices also boosted the global market sentiments. The Fed held interest rates at 2 per cent as widely expected and signaled it was in no rush to raise them, even as it voiced greater concerns about inflation. Housing Development Finance Corporation gained 2.13 per cent to Rs 2,217.50. A total of 25,023 shares were traded on the counter. It was the top gainer from the Sensex pack in the opening trade.

Software pivotals advanced on fresh buying. Satyam Computer Services up 2.28 per cent to Rs 455.35, Wipro up 0.10 per cent to Rs 457.50 and Infosys gained 1.90 per cent to Rs 1,783.

UNI