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  • Sensex opens 170 pts high in morning trade

    Published on November 22, 2010

    The B S E benchmark Sensex on Monday opened over 170 points up on emergence of bargain buying by funds and investors in blue chip companies amid strong Asian cues.

    The 30-share index rose by 170.53 points or 0.87 per cent to 19,755.97 points with all the sectoral indices trading in the positive territory.

    The index had lost 345.20 points in the previous session following deepening crisis over 2G spectrum allotment.

    The National Stock Exchange index Nifty, too, moved up by 54.55 points or 0.90 per cent to 5,944.85 points.

    Brokers said increased foreign fund inflows into equities and emergence of buying at lower levels by investors helped in Sensex recovery.

    They said firming trend on the Asian bourses amid expectations of bail out of debt-ridden Ireland by the European Central Bank and IMF buoyed the trading sentiment.

    In Asian markets, the Hong Kong’s Hang Seng Index was marginally down by 0.29 per cent while the Japanese Nikkei gained 1.10 per cent in the morning trade.