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Midsession: Markets pare gains after rising 1%

Midsession: Markets pare gains after rising 1%
PTI
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First Published: Thu, Mar 19 2009. 02 33 PM IST
Updated: Thu, Mar 19 2009. 02 33 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex on Thursday gained 107 points in early trade on increased buying by foreign funds, driven by an extended rally in the US stock markets.
The 30-share barometer, which had gained 112.86 points on Wednesday, moved up further by 107.58 points, or 1.20%, to 9,084.26 points, with all the sectoral indices trading in the positive zone gaining up to 2.22%.
The wide-based National Stock Exchange’s Nifty climbed 26.65 points, or 0.84%, to 2,821.35 points.
Sentiment on the domestic markets got a boost from the overnight rally in the US markets after the Federal Reserve said it would pump $1 trillion into the recession-hit American economy, traders said.
Major gainers were, RIL up 1.33% to Rs1,349.05, Reliance Infra 2.35% to Rs491.70, RCom 2.72% to Rs 164.20, JP Associates 3.47% to Rs81.90, State Bank of India 1.05% to Rs971, ICICI Bank 2.95% to Rs345.10 and HDFC Bank 1.47% to Rs 855.
Infosys gained 1.53% to Rs1,297, TCS was up 0.41% to Rs508.70 and Wipro by 0.46% to Rs231.70.
Among metalmakers’ stock, Tata Steel rose 2.10 per cent to Rs180 and Sterlite Industries 2.09% to Rs308.
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First Published: Thu, Mar 19 2009. 02 33 PM IST
More Topics: BSE | NSE | Sensex | Stocks | Markets |