Sensex opens 181 points up on strong global cues

The Sensex which gained nearly 515 points in the previous four sessions, added another 181.32 points, to 18,167.22 points, a level last seen in February 2008.

The Bombay Stock Exchange benchmark Sensex rose by 181 points in the opening trade on Wednesday, tracking a firm trend in overseas markets.

The 30-share index, which gained nearly 515 points in the previous four sessions, added another 181.32 points, or 1 per cent to 18,167.22 points, a level last seen in February 2008.

The wide?based National Stock Exchange index Nifty surged 52.80 points, or 0.97 per cent, to 5,453.45 points.

Market sentiment remained firm in tandem with a strong trend in the Asian region and overnight gains in the U.S. market after upbeat results from Intel Corp.

Reliance Industries continued its upward journey and rose 0.60 per cent to Rs. 1,081.15 on reports that it is in talks to acquire its third shale gas asset in America.

Among other stocks DLF Ltd gained 2.38 per cent to Rs. 323.15, HDFC Ltd 1.66 per cent to Rs. 3,114.05, HDFC Bank by 1.69 per cent to Rs. 2,100.35, State Bank of India 1.51 per cent to Rs. 2,464.75 and ICICI Bank 0.99 per cent to Rs. 907.50.

Meanwhile, Hong Kong?s Hang Seng Index rose 1.03 per cent and Japan?s Nikkei index was trading higher by 2.65 per cent in early trade today. The Dow Jones Industrial Average index rose 1.44 per cent in yesterday?s trade.

Source http://www.thehindu.com/business/markets/article515151.ece?homepage=true

Sensex erases early losses, up 116 points in morning trade

Erasing early losses, the Bombay Stock Exchange's benchmark index, Sensex, rose by almost 116 points in morning trade today as speculators covered pending short positions amid selective buying by funds.

The index, which lost 56.74 points in opening trade, bounced back by 115.91 points, or 0.70 per cent, to reach 16,503.75 points at 1045 hrs. Auto, capital goods and oil and gas sector stocks led the recovery.

Similarly, the wide-based National Stock Exchange index Nifty rose 32.25 points, or 0.65 per cent, to 4,949.65 points. Brokers said apart from covering up of outstanding short positions by speculators -- with today being the last session of monthly expiry in the derivatives segment -- buying by funds at select counters also helped stocks reverse the weak trend that had set in earlier in the day.

They added reports of a rebound on the other Asian bourses also influenced the trading sentiment. In the auto segment, Mahindra and Mahindra was being traded 2.95 per cent higher at Rs 534.75 after the company acquired a majority stake in electric car-maker REVA. Other gainers were Tata Motors, up 1.78 per cent at Rs 721.90, and Maruti Suzuki, which rose 0.76 per cent to Rs 1,208.40.

source http://www.hindustantimes.com/Sensex-erases-early-losses-up-116-points-in-morning-trade/H1-Article1-549111.aspx