Sensex gains 87 points in opening trade

Sep 14, 2010 |

mumbai

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Sensex

The Bombay Stock Exchange benchmark Sensex gained over 87 points in opening trade on Tuesday, extending its winning streak for the sixth straight session on continued capital inflows by foreign funds.

The 30-share index rose by 87.34 points, a rise of 0.45 per cent, to 19,295.67 points. The index gained almost 990 points in the previous five sessions. All the sectoral indices, led by the IT and auto sector, were trading in positive terrain, registering gains up to 1.23 per cent.

The wide-based National Stock Exchange index Nifty moved up by 22 points, a rise of 0.20 per cent, to 5,782.00 points. The trading sentiment remained bullish on the back of steady capital inflows into equities by foreign funds, encouraged by faster-than-expected growth in domestic industrial output in July, signalling all-round economic expansion.

Brokers said a firming trend overseas also supported the upside in stock prices. In Asian markets, the Japanese Nikkei was up by 0.02 per cent, while Hong Kong's Hang Seng Index gained 0.05 per cent in the morning session. In the US, the US Dow Jones Industrial Average ended 0.78 per cent higher on Monday.

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