Key Indian stock index surges 500 points on opening

April 2nd, 2008 - 12:28 pm ICT by admin  

A file-photo of Sensex

Mumbai, April 2 (IANS) The Indian equities market opened Wednesday with a huge positive gap in line with its global peers. Realty and banking stocks registered gains in initial trade. The 30-share benchmark sensitive index of the Bombay Stock Exchange opened with a positive gap of 396 points at 16,023.30. Ten minutes into trading, the Sensex reached 16,145.69 points, 519.07 above its previous close.

At the same time the S&P Nifty of National Stock Exchange was at 4879.20 points, up 139.65 from its close Tuesday.

The market breadth was positive with modest volumes. In the initial trade 1,130 scrips advanced, 43 declined and 78 remained unchanged.

Other Asian markets were trading firm.

ICICI Bank, HDFC Bank and DLF were among the gainers on the Indian bourses in initial trade.

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