Indian equities move up on global cuesSeptember 19th, 2008 - 11:57 am ICT by IANS
Mumbai, Sep 19 (IANS) Indian equities opened higher Friday in line with cues from other markets as also on hopes that the crisis surrounding the global financial markets may be softened by central bank interventions.Emulating the rally in all major Asian markets and on Wall Street, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 13,763.83 points over Thursday’s close at 13,315.60 and soon shot up to 13,807.09 points.
Around 10 minutes into trading, the benchmark 30-share index was ruling at 13,774.80 points, up 459.20 points, or 3.45, over the previous day’s close.
The broader S&P CNX Nifty was also 4,146 points, with a gain of 2.69 percent.
“The overall sentiments remain nervous and the trading is expected to remain choppy. But one can expect some short spurts because of corrections,” said an analyst with a leading brokerage here.