Indian equities open strong on positive policy signalsOctober 14th, 2008 - 12:21 pm ICT by IANS
Mumbai, Oct 14 (IANS) Indian equities opened strong Tuesday on top of a strong rally the previous day as investors’ sentiments were boosted by interventions from financial sector regulators and pep talks by policy makers.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 11,806.62 points some 30 minutes into trading, with a gain of 497.53 points, or 4.40 percent, over the previous close at 11,309.09 points.
The barometer index had opened strong at 11,781.43 points.
All the 13 sector-specific indices were also in the green. As many as 26 out of 30 scrips that go into the Sensex basket were in the positive territory, save four led by Mahindra and Mahindra.
The situation was no different at the National Stock Exchange (NSE), where the broader S&P CNX Nifty was ruling at 3,612.90 points with a gain of 3.50 percent.