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Sensex up 104 pts in early trade, Oil lists at 7% premium
The Bombay Stock Exchange benchmark Sensex shot up by nearly 104 points in early trade on Wednesday on higher capital inflows from foreign funds even as global markets were under pressure.
Also, shares of Oil India which were listed on the bourses today attracted over 7 per cent premium at Rs 1,127 against the offered price of Rs 1,050.
The 30-share BSE Sensex rose by 103.69 points to 16,956.60 points in opening trade with oil and gas, IT, metals and auto sector stocks leading the rally. The BSE barometer had gained 159.91 points in Tuesday's trading.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 23.40 points to 5,029.25.
Stock brokers said sustained buying by both foreign and domestic funds mainly bolstered the trading sentiment but gains were restricted following overnight losses on the US markets and weak trend in other Asian markets.
The other major gainers were Reliance Industries by 0.37 per cent to Rs 2,174.10, ONGC by 0.59 per cent to Rs 1,193.20, Infosys Technologies by 0.47 per cent to Rs 2,298.50, TCS by
1.06 per cent to Rs 616.90, Sterlite Industries by 0.97 per cent to Rs 756.70 and Rcom by 0.35 per cent to Rs 300.80.
In the international market, the US Dow Jones Industrial Average closed 0.48 per cent down in Tuesday's trading, while today in the morning Hong Kong's Hang Seng Index fell by
0.55 per cent and Japan's Nikkei was down by 0.65 per cent.
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