Sensex up 38 pts in opening trade

Mumbai, Oct 7 (PTI) The Bombay Stock Exchange benchmark
Sensex gained over 38 points in the opening trade on Thursday
, as Foreign Institutional Investors kept pumping money into
equity markets after International Monetary Fund said India's
economy would expand by 9.7 per cent in 2010.
The 30-share index rose by 38.21 points, or 0.18 per
cent to 20,581.29 points on the back of surge in oil and
gas, and metal sector stocks. The index had gained 135.37
points in the previous session.
The wide-based National Stock Exchange index Nifty moved
up by 11.35 points, or 0.15 per cent to 6,197.80 points.
Brokers said trading sentiment was bullish after the IMF
projected the Indian economy to grow by 9.7 per cent in 2010,
propelled by robust industrial production and macro-economic
performance.
Besides, a better trend overseas also supported the
upside in share prices here, they said.
In Asian markets, the Hong Kong's Hang Seng Index gained
0.28 per cent, while Japanese Nikkei was down by 0.31 per cent
in the morning session. In the US, the US Dow Jones Industrial
Average ended 0.21 per cent higher on Wednesday. PTI SUN
PRI


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