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Noon: Sensex gain 300 pts on foreign funds

Noon: Sensex gain 300 pts on foreign funds
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First Published: Wed, Jan 14 2009. 12 18 PM IST
Updated: Wed, Jan 14 2009. 12 18 PM IST
Mumbai: Markets continued to trade positive on Wednesday noon, 14 January on account of fresh buying from foreign funds and taking strong cues from Asian markets.
The Bombay Stock Exchange benchmark Sensex began the day over 200 points up. After days of reeling under the Satyam Computers fraud scandal sentiments were buoyed by Infosys Q3 results, that made an unexpected 33% jump in net profit from the previous quarter.
At 12pm, the 30-share BSE index was up by 307.86 points at 9,379.22 and 50-share NSE Nifty was higher by 84.90 points at 2,829.85. IT, metal and Technology stocks rallied indices with heavy buying.
Reliance Industries were the top gainer on the BSE list, surging by 6.09% to Rs1,146.70, along with Infosys Technologies by 6.08% to Rs1,305, Tata Steel by 5.18% at Rs213.35 and TCS by 5.11% at Rs 549.50.
Asian markets buoyed as Federal Reserve chairman assured of effective stimulus spending to revitalize the US economy. Hang Seng traded above 1% and Japan’s Nikkei was up by 0.29%
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First Published: Wed, Jan 14 2009. 12 18 PM IST
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