Sensex positive on firm Asian cues

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Old 02-Jul-2010
Post Sensex positive on firm Asian cues

The Bombay Stock Exchange benchmark Sensex recovered by nearly 82 points in opening trade on Friday on emergence of buying by foreign funds in blue-chips, driven by recovery on Asian bourses.

The 30-share index, which had lost 191.57 points in the previous session, bounced back by 81.97 points, or 0.46 per cent, to 17,591.30 points. All the sectoral indices were trading in the positive.

Likewise, the wide-based National Stock Exchange's Nifty rose by 23.05 points, or 0.43, to 5,274.45 points.

Brokers said revival of selective buying by funds, triggered by recovery on Asian bourses, boosted trading sentiment.

Stocks of RCom traded 1.92 per cent higher at Rs 196 on acquisition of Digicable, the country's largest cable TV service provider, in an all-stock deal.

Among automakers, Tata Motors shot up by 1.51 per cent to Rs 774.50 and Hero Honda gained 0.75 per cent to Rs 2,036 largely on buoyant sales in June.

Reliance Industries rose by 0.52 per cent to Rs 1,061.70, ONGC by 1.31 per cent to Rs 1,318.80, Larsen and Toubro by 0.68 per cent to Rs 1804.10 and Tata Power by 0.81 per cent to Rs 1,316.45.

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