Sensex rises by 131 points on global indications

Posted By: Staff
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Mumbai, Dec 2 (ANI): The Bombay Stock Exchange (BSE) index benchmark, Sensex, climbed over 131 points in the opening trade today.

The Sensex has gained for the third time in a row, after earlier gains in the last two days. The shares of auto sector leaded the continued foreign capital inflows in the midst of firm global indications.

Stout auto sales, higher cement shipments and strong September quarter GDP data augmented the sentiments of investors.

With sectoral indices moving the right direction, Sensex rose by 0.76 percent to 17,329.68 points in the early trade.

The National Stock Exchange (NSE) index, Nifty rose by 0.77 percent to 5,161.75 points.

The brokers were upbeat about the market conditions due to continuous buying by foreign funds as a strong global sign and a better than expected data for the September quarter.

The GDP stood at 7.9 percent for the second quarter of the financial year.

RIL gained 0.26 per cent at Rs 1,100.70, Tata Motors increased by 2.25 per cent to Rs 716.50 and Maruti Suzuki surged 1.79 per cent to Rs 1,616.50. The other firms making profits were; Sterlite Industries increasing by 1.02 per cent to Rs 894 and Tata Steel's 1.09 percent rise to Rs 588.35.

Hong Kong's Hang Seng rose by 1.17 percent and Japan's Nikkei gained 0.38 percent in the morning trade. (ANI)

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