Sensex surges on Wall Street rally

Sensex surges on Wall Street rally

Mumbai: Snapping its five-day losing streak, the benchmark Sensex on Wednesday opened higher by over 120 points on buying by funds at attractive lower levels influenced by firm US market trend.

The Bombay Stock Exchange’s barometer rose by 124.42 points to 9,061.62 points in the early trade as shares of heavyweight Reliance Industries, Infosys Technology, HDFC Bank, SBI, BHEL and Larsen and Toubro gained sharply.

The wide-based National Stock Exchange’s Nifty gained 41.90 points at 2,725.05 points.

Marketmen said stocks re-gained strength following overnight gains in the US markets.

Wall Street rebounded in another turbulent session yesterday, with the Dow Jones Industrial Average closing higher by 1.83%.