BSE crosses 140 points on opening trade

Mumbai June 22 (ANI): The Bombay Stock Exchange (BSE) benchmark sensex crossed over 140 points in opening trade, thanks to the capital inflows by foreign funds, and signals of stability from the other Asian markets.

Continuing its rising pace for the second consecutive session, the 30-share index, which was pitched at 256.36 points in the last session, collected another 140.40 points, to register 14,662.29 in opening trade.

The leading Asian markets like Hong Kong's Hang Seng was up 2.25 percent, while Japan's Nikkei rose 0.30 percent in morning trade.

According to experts, pick up in buying by foreign funds, sparked by firming trends in the Asian markets and covering-up of short positions by speculators mainly influenced the trading sentiments but this trend was confined to a few sectors only.

The shares of Reliance Communications were in good demand and traded 3.16 percent higher at Rs 314.80 amidst speculations of its strategic alliance with China mobile.

The Sensex also gained from the raise in the shares of Reliance Industries by 0.25 per cent at Rs 2,044.70, Reliance Infra 1 per cent at Rs 1,274.90, BHEL 1.79 per cent at Rs 2,128, Grasim Industries 1.38 per cent at Rs 335.10, L and T 2.81 per cent at Rs 1,538.15, Mahindra and Mahindra 1.04 per cent at Rs 745, ICICI Bank 2.36 per cent at Rs 730.60.

Following the trends of BSE the National Stock Exchange (NSE) index Nifty moved up 38.65 points to 4,352.25. (ANI)