Sensex up 97 points in morning trade

Image
Press Trust of India Mumbai
Last Updated : Dec 23 2013 | 11:20 AM IST
The S&P BSE Sensex today rose by 97 points in morning trade on sustained buying by operators mainly in realty, consumer durables, metal, capital goods, banking, healthcare and auto sector stocks on the back of firm Asian cues amidst good foreign fund inflows.
The Sensex resumed higher at 21,080.54 and rose further to 21,207.89 before quoting at 21,176.33 at 1030 hrs, showing a gain of 96.61 or 0.46 per cent from its last weekend's level.
The NSE 50-share Nifty also firmed up by 31.35 points or 0.50 per cent to 6,305.60 at 1030 hours.
The market sentiment was also boosted by data showing that foreign funds remained buyers of Indian stocks. Foreign institutional investors (FIIs) bought shares worth a net Rs 990.19 crore on last Friday, as per provisional data from the stock exchanges.
Major gainers were Hindalco Inds (3.61 pct), Bhel (2.14 pct), SSLT (1.97 pct), Hero Motocorp (1.96 pct), Tata Steel (1.94 pct) and Bajaj Auto 1.47 pct.
Asian stocks rose in early trade after data showed faster-than-estimated economic growth in the US and the International Monetary Fund said it's raising its outlook for the world's largest economy.
The key indices in China, Hong Kong, Taiwan, Singapore and South Korea rose 0.32 pct to 0.72 pct.
US stocks rallied on last Friday, lifting the Dow Jones Industrial Average and the S&P 500 to record levels, after a government report showed the economy grew at its fastest pace in two years last quarter.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 23 2013 | 11:20 AM IST

Next Story