Tuesday August 16, 2011

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By Taru Sugandha  ( Assistant Editor )

Indian men watch share prices on a digital broadcast board outside the Bombay Stock Exchange, Mumbai

THE BOMBAY STOCK EXCHANGE benchmark Sensex rose by over 187 points in opening trade on Tuesday (16) on fresh buying by funds, taking positive cues from other Asian markets.

The 30 share BSE index which lost 219.77 points in the previous session on Friday, recovered by 187.37 points or 1.11 per cent to 17,027.00 in the opening trade.

In a similar fashion, the wide based National Stock Exchange Nifty index gained 55.55 points or 1.10 per cent to 5,128.50 points. The market remained closed on Monday (15) on account of Independence Day.

Brokers said fresh buying by funds amid a firming trend in other Asian markets, following overnight gains in the US mainly influenced the trading sentiment.

IT, technology, metal and banking stocks led the recovery in opening trade.

Meanwhile, in the Asian region, Japan`s Nikkei rose by 0.58 per cent and Hong Kong`s Hang Seng index by 0.23 per cent in the morning trade. The Dow Jones Industrial Average ended 1.90 per cent higher in the previous session.

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