Sensex rebounds, up 197 points in opening trade

Sep 17, 2010 |

mumbai

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Sensex

The Bombay Stock Exchange benchmark Sensex on Friday opened higher by over 197 points on emergence of fund buying in realty, banking and capital goods stocks, coupled with a firming trend in other Asian markets.

The 30-share index rose by 197.37 points, or 1.01 per cent, to 19,614.86 points in opening trade. The Sensex had lost 84.62 points in Thursday’s choppy session. Similarly, the broad-based National Stock Exchange index Nifty gained 52.35 points, or 0.82 per cent, to 5,881.05 points.

Analysts said besides the firming trend overseas, higher advance tax paid by corporates also buoyed the trading sentiment, triggering buying by foreign funds.

Japan's Nikkei gained 0.82 per cent, while the Hong Kong's Hang Seng was up 0.24 per cent in morning trade today. The US Dow Jones Industrial average ended 0.21 per cent higher on Thursday.

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