Sensex up 105 points in early trade

Sensex up 105 points in early trade

Mumbai: In volatile trade, the Bombay Stock Exchange benchmark Sensex on Monday rose nearly 105 points in morning trade on emergence of buying by funds and investors, driven by recovery in some Asian markets.

The Sensex rose by 104.95 points, or 0.61%, to 17,223.98 points in morning trade. The index had ended with a loss 70.28 points, or 0.41%, in the previous session on Friday.

The wide-based National Stock Exchange index Nifty also moved up by 27.50 points, or 0.53% to 5,144.80 after dropping to 5,101.40.

Brokers said recovery in some of the Asian stock markets after a poor start helped the trading sentiment in the domestic bourses, triggering fresh buying by funds.

Most of the sectoral indices were in the positive zone with gains of up to 0.76%. The sectoral rally was led by IT, Consumer Durables and Auto indices which rose by 0.86%, 0.63% and 0.55% respectively.

Among major gainers, Reliance Industries rose 0.85% to ,078, ONGC by 0.86% to ,210, Reliance Infra by 0.57% to ,071.95, Infosys Technologies by 0.74% to ,473, DLF Ltd 0.54% to 84.65, Bhel by 0.68% to ,380, Maruti Suzuki by 1.17% to ,605.50 and ICICI Bank by 1.35% to 825.80.

The Hong Kong’s Hang Seng Index was up 0.09% after declining by 1.20% in volatile trade today.