Sensex gains over 250 points in opening trade

Mumbai, Jul 4: Benchmark index of Bombay Stock Exchange on Friday, July 4 recovered from the previous day's lows to gain over 250 points at 13,380, on fresh buying interest in the opening trade.

The market is awaiting inflation data, to be released by the government this afternoon. Realty and power stocks, which plummeted on Thursday, July 3, were in good demand in the morning session. However, Metal stocks were still under selling pressure. The broader based S &P CNX Nifty index of National Stock Exchange was 40 points up at 3,965. The BSE Mid-Cap and Small-cap indices were trading with a marginal gain.

Reliance Industries rose by 0.67 per cent at Rs 2,085, Infosys Technologies fell by 0.27 per cent at Rs 1,743, ICICI Bank was up by 1.05 per cent at Rs 579.05, Jaiprakash Associates was up by eight per cent at Rs 149.60, Reliance Communication by 4.25 per cent at Rs 406.25, Bharat Heavy Electrical up by 3.13 per cent at Rs 1440.25, Reliance Infrastructure up by 2.63 per cent at Rs 740.25 and DLF was trading up by 2.13 per cent at Rs 390.

As per provisional data, Foreign Institutional Investors (FIIs) sold shares worth a net Rs 606.92 crore yesterday. Domestic funds bought shares worth a net Rs 526.10 crore.

UNI