Equity markets in big surge on NSG waiver news

September 8th, 2008 - 12:23 pm ICT by IANS  

Mumbai, Sep 8(IANS) Indian equity markets, which opened higher Monday following the news that the 45-nation Nuclear Suppliers Group (NSG) has approved a plan to engage in nuclear trade with India, jumped further in early trade.The 30 share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 494.41 points at 14,978.24. Twenty minutes into trading, it was at 15,023.23 points, 539.40 points or 3.72 percent higher its last closing figure Friday.

At the same time the S&P CNX Nifty index of the National Stock Exchange was trading at 4,500.95 with a gain of 148.65 points or 3.42 percent from its previous close.

The market breadth was positive. On BSE, 1,336 shares advanced, 355 declined and 36 remained unchanged.

NTPC, ICICI Bank and Reliance Infrastructure were among the big gainers in initial trade.

Other Asian markets were also trading higher.

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