Sensex up by 134 points on easing global worries
The BSE benchmark Sensex was up by 134 points in early trade on Friday as euro zone debt worries eased after Greece shelved plans for a financial bailout referendum and after a surprise interest rate cut by the European Central Bank (ECB).
Public sector oil marketing companies BPCL, HPCL and Indian Oil Corporation rose by between 1.05 per cent and 1.3 per cent after hiking petrol prices by Rs 1.80 per litre to Rs 1.91 per litre from midnight on Thursday.
The other gainers in early trade were Sterlite Industries (up 2.27 per cent), BHEL (2.23 per cent), Hindalco Industries (1.99 per cent), Hero MotoCorp (1.89 per cent) and Tata Steel (1.76 per cent).
The BSE benchmark Sensex resumed higher 17,674.70 and shot up further to 17,702.26 before quoting at 17,615.66 at 1015 hours, a net rise of 133.73 points, or 0.76 per cent, from its previous close.
The NSE's 50-share Nifty index also firmed up by 32.75 points, or 0.62 per cent, to 5,298.50 at 1015 hours.
Meanwhile, Asian stocks rallied in early trade with exporters and resource firms among the notable gainers following a surprise interest rate reduction by the European Central Bank and after Greece shelved plans for a referendum on a proposed financial bailout.
The key benchmark indices in China, Hong Kong, Japan, South Korea, Taiwan and Singapore were up by between 0.78 per cent and 3.31 per cent.
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