The Sensex opened positive on global cues and continued to trade higher. Realty, oil & gas, capital goods and IT stocks moved up marginally, whereas healthcare declined.
BSE Midcap and Smallcap index rose 1.11% and 1.21% respectively.
Asian stocks rose as commodity prices jumped amid optimism the US recession may ease after the economy shrank less than expected in the first quarter. Japanese benchmark index Nikkei gained 65.18 points, or 0.67%, to trade at 9,861.10. Hong Kong`s Hang Seng index rose 216.77 points, or 1.16%, to trade at 18,488.96 and China`s Shanghai Composite declined 7.29 points, or 0.25%, to trade at 2,917.76. (10.05 a.m, IST).
European stocks declined led by banks, as the Federal Reserve disappointed investors by refraining from increasing bond purchases. UK`s benchmark index FTSE 100 fell 27.41 points, or 0.64%, to settle at 4,252.57. French benchmark index CAC 40 declined 21.66 points, or 0.68%, to end 3,163.10 and Germany`s benchmark index DAX lost 35.45 points, or 0.73%, to close at 4,800.56.
Indian stock market begun the day on a positive note after a fall of 0.53% on the previous working day. The 30-share index, BSE Sensex opened with a gain of 27.95 points, at 14,373.57 on Friday.
In the previous day session, the Sensex ended with a loss of 77.11 points, or 0.53%, while the NSE Nifty declined by 51.10 points, or 1.19%. The 30-share index, Sensex after losing 51.10 yesterday, opened on a flat note on Friday. It begun the day at 14,373.57 up 27.95 points from the previous day`s close
Currently, the 30-share index Sensex is trading up 164.19 points, or 1.14%, at 14,509.81, after touching a high of 14,515.55 and a low of 14,373.57. Meanwhile the broad based Nifty is trading higher by 47.80 points, or 1.13%, at 4,289.65, after hitting a high of 4,296.35 and a low of 4,243.95. (10.00 a.m.)
Overall market breadth is positive. Out of the total 939 stocks traded at BSE, 778 advanced, 140 declined while 21 remained unchanged. Major gainers in the 30-share index were ICICI Bank (2.43%), DLF (2.31%), Wipro (2.26%), Sterlite Industries (India) (2.18%), Larsen & Toubro (2.13%), and NTPC (2.11%). On the other hand, Sun Pharmaceutical Industries (15.75%), Housing Development Finance Corporation (0.98%), Ranbaxy Laboratories (0.92%), Tata Steel (0.79%), Mahindra & Mahindra (0.37%), and Hindustan Unilever (0.10%) were the major losers in the Sensex.
