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Sensex gains 87 pts in opening trade
September, 14th 2010

The Bombay Stock Exchange benchmark Sensex on Tuesday gained over 87 points in the opening trade, extending its winning streak for the sixth straight session, on continued capital inflows by foreign funds. The 30-share index rose by 87.34 points, a rise of 0.45 per cent, to 19,295.67 points. The index had gained almost 990 points in the previous five sessions.

All the sectoral indices, led by IT and auto sector, were trading in the positive territory, with gains up to 1.23 per cent.

The wide-based National Stock Exchange index Nifty moved up by 22 points, a rise of 0.20 per cent, to 5,782.00 points.

Trading sentiments remained bullish on the back of steady capital inflows into equities by foreign funds, encouraged by a robust domestic industrial output that grew at a faster than expected pace in July, signalling all-round economic expansion.

Brokers said that firming trend overseas also supported the upside in stock prices.
In the Asian markets, the Japanese Nikkei was up by 0.02 per cent while the Hong Kong's Hang Seng Index gained 0.05 per cent in the morning trade. In the US, The US Dow Jones Industrial Average ended 0.78 per cent higher in Monday's trade.

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