Indian equities build on strong opening (Lead)

February 6th, 2009 - 1:56 pm ICT by IANS  

SensexMumbai, Feb 6 (IANS) Indian equities markets built on a firm opening Friday, with a key index ruling 1.93 percent higher around noon than its last close.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,266.75 points, 1.93 percent or 175.87 points higher than Thursday’s close. It had opened at 9,161.49 points, higher than its previous close at 9,090.88 points.

At the same time, the S&P CNX Nifty index of the National Stock Exchange was at 2,836.55 points, 2.03 percent higher than its previous close of 2,780.05.

Broader market indices were ruling higher, with the BSE midcap index up 1.77, and the BSE smallcap index up 1.66 percent.

Of the 13-sectoral indices on the BSE, realty and consumer durables were up, indicating such stocks were doing better than others.

Leading the gainers’ list on the Sensex at this time were Reliance Infra (up 4.47 percent to Rs.543), Tata Motors (up 3.95 percent at Rs.136.70) and TCS (up 3.85 percent at Rs.501.35).

Among losing scrips were Sterlite Industries (down 1.42 percent to Rs.259.65) and Hindustan Unilever (down a marginal 0.3 percent at Rs.262.80)

In the Asian markets, a key index of the Tokyo Stock Exchange, the Nikkei 225 Stock Average was ruling 1.6 percent higher at 8,076.62.

The Hang Seng, a key index of the Hong Kong Stock Exchange, rose 1.42 percent over its last close.

Stocks rose on Wall Street Thursday as several major retailers said sales were better than expected last month.

The blue-chip Dow Jones Industrial Average earned 106.41 points, or 1.3 percent, to close at 8,063.07, while the broader Standard and Poor’s 500 Index rose 13.62 points, or 1.6 percent, to 845.85, and the technology-heavy Nasdaq Composite Index gained 31.19 points, or 2.1 percent, to end at 1,546.24.

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