Indian equity markets open positiveFebruary 21st, 2008 - 1:10 pm ICT by admin
Mumbai, Feb 21(IANS) The Indian equities markets opened on a strong note Thursday due to strong cues from global markets. The 30-share benchmark sensitive index of Bombay Stock Exchange opened with a gain of 250.27 points at 17,825.22. Twenty minutes into trading, the sensex was at 17,785.63 points, up by 168.03 from its close Wednesday.
The S&P Nifty of National Stock Exchange opened at 5,156.90 points, up by 2.45. After 20 minutes it was up by 63.95 points at 5,218.40.
The market breadth was positive in the initial trade. Of the scrips, 1,202 advanced, 410 declined and 31 remained unchanged in early trade.
Other Asian markets were trading firm Thursday. Hong Kong’s Hang Seng rose 1.41 percent, Japan’s Nikkei gained 2.12 percent, Taiwan’s Taiwan Weighted shot up 1.73 percent, Singapore’s Straits Times advanced 1.24 percent and South Korea’s Seoul Composite was up 0.92 percent.
The US markets had closed up Wednesday. The Dow Jones industrial average gained 90.04 points, or 0.73 percent, to 12,427.26 on rate cut hopes.
In the initial trade here Thursday, Gujarat Gas, Brigade Enterprise, SKF India, Reliance energy were among the major gainers.