Sensex surges 128 pts in opening trade on funds buying

Mumbai, Apr 30 (PTI) The Bombay Stock Exchange benchmark
Sensex gained almost 128 points in opening trade Friday,
extending Thursday's rally on continued capital inflows by
foreign funds, driven by a firming trend in global markets.
The 30-share index, which rallied by 123.39 points in
the previous session, gathered another 128.38 points, or 0.73
per cent at 17,631.85 points in opening trade.
Realty, health-care, banking and metal sector stocks were
leading the rally.
The wide-based National Stock Exchange index Nifty also
rose by 32.80 points, or 0.62 per cent, to 5,286.95.
Marketmen said overnight gains in the US market and
strong opening on Asian bourses on reports that talks on a
major EU-IMF bailout loan for Greece were nearly complete
buoyed trading sentiments here.
They said changes in tax proposals by India's Finance
Minister Pranab Mukherjee that will benefit construction,
coffee growers and new hospitals sector also had a positive
impact on the sentiment.
DLF Ltd was up by 1.94 per cent to Rs 315.25, Tata Steel
by 1.37 per cent to Rs 641.60, Tata Motors by 1.20 per cent to
Rs 853,SBI by 0.53 per cent to Rs 2,286.55 and HDFC Bank by
1.06 per cent to Rs 2,000.
Meanwhile, Hong Kong's Hang Seng index gained 0.98 per
cent and Japan's Nikkei was up 1.35 per cent in the morning
trade today. The US Dow Jones Average ended 1.10 per cent
higher in Thursday's trade. PTI SUN
RDM


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