Indian markets open on positive note

April 1st, 2008 - 12:36 pm ICT by admin  

A file-photo of Sensex

Mumbai, April 1 (IANS) The Indian equities market opened on a positive note Tuesday. The 30-share benchmark sensitive index of the Bombay Stock Exchange (BSE) opened with a gap of 127 points at 15,771.72 points.

With 15 minutes into the trade, the Sensex was trading at 15,765.46 points, a gain of 121.02 points compared to its previous close.

At the same time, the S&P Nifty of the National Stock Exchange (NSE) was up by 41.25 points at 4,775.75 points from its previous close.

The market breadth was positive with modest volumes. In the initial trade, 2,333 scrips advanced, 370 declined and 34 remained unchanged.

Mahindra and Mahindra, HDFC, ONGC, ICICI were the gainers while BHEL, Tata Steel, Bharti Airtel and Wipro were the losers in the initial trade.

Asian markets were trading firm. Japan’s Nikkei added 1.38 percent or 172.45 points at 12,697.99. Hong Kong’s Hang Seng gained 1.69 percent or 386.59 points at 23,235.79. Singapore’s Straits Times added 1 percent or 30.20 points at 3,037.56. South Korea’s Seoul Composite was up 0.66 percent or 11.17 points at 1,715.16.

However, Taiwan’s Taiwan Weighted was down 0.10 percent or 8.68 points at 8,563.91.

US markets ended higher on the last day of the first quarter after a plan for regulatory overhaul raised hopes for calmer financial markets.

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