Tuesday, April 19, 2011

Sensex up 192 pts in opening trade on normal monsoon forecast

MUMBAI: Bombay Stock Exchange benchmark Sensex opened 192 points up today, extending its gains from yesterday on continued buying by funds, supported by a normal monsoon forecast and firming trend on Asian bourses.

The 30-share index rose by 192.14 points, or 1% to 19,313.97 points in opening trade. It had gained 30.66 points in yesterday's volatile session.

Stocks of financials, IT, capital goods and metal sectors led the rally in early trade.

Similarly, broad-based National Stock Exchange index Nifty rose by 60.05 points, or 1.05%, to 5,800.80 level.

Brokers said sentiments turned better following a normal monsoon forecast for this year and firming trend on other Asian bourses following overnight gains in the US market.

Meanwhile, Japan's Nikkei and Hong Kong's Hang Seng Index were up by 0.92% and 0.94%, respectively, in the early trade today. In the US, the Dow Jones Industrial Index ended 0.53% higher yesterday.

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