Indian equities open strong after Manmohan Singh’s pep talk

October 21st, 2008 - 12:07 pm ICT by IANS  

Manmohan SinghMumbai, Oct 21 (IANS) Indian equities opened on a positive note Tuesday with most indices ruling in the green, a day after Prime Minister Manmohan Singh asked investors not to panic as fundamentals of the economy remained strong.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 10,428.11 points, against Monday’s close at 10,223.09 points, and moved up higher to 10,437.81 points, minutes after the opening bell.

Some half-hour into trading, the key index was ruling at 10,316.89 points, with a gain of 93.80 points, or 0.92 percent, over the previous close. But for automobiles and healthcare all the 13 sector-specific indices were also in the positive territory.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty index was up 0.8 percent at 3,125.25.

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