Equity markets rise in initial trade

July 17th, 2008 - 12:27 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 17 (IANS) Indian equity markets rose in initial trade Thursday after the Sensex opened at 12,909.57 points with a gain of 333.77. Ten minutes into trading, the Sensex - the 30-share benchmark index of the Bombay Stock Exchange (BSE) - had climbed some more, reaching 12,988.79 points, a gain of 412.99 points or 3.28 percent from its closing figure Wednesday.

The S&P CNX Nifty index of the National Stock Exchange was trading at 3,917.90 at the same time, a gain of 101.20 points or 2.65 percent from its previous close.

The market breadth was positive. On BSE, 1,197 shares advanced, 330 declined and 29 remained unchanged.

TCS and HDFC were among the major gainers in early trade.

Other Asian markets were also trading higher.

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