Tuesday, December 15, 2009

Sensex up 103 points in early trade

MUMBAI: The Bombay Stock Exchange benchmark Sensex today gained about 103 points in early trade on heavy foreign capital inflows as rise in advance tax collection indicated better earnings for the December quarter.

The 30-share index Sensex rose by 102.92 points, or 0.61%, to 17,200.47 points with stocks of metals, realty and auto sectors leading the recovery. The BSE barometer had ended 21.48 points down in the previous trading session.

The wide-based National Stock Exchange index Nifty moved up by 22.70 points, or 0.44%, to 5,128.40 points.

Brokers said trading sentiments turned better after advance tax paid by companies suggested stronger earnings for the December quarter.

Stocks of the country's most-valued firm Reliance Industries traded 0.50% higher at Rs 1,071.70 on pick up in buying activity by funds.

Other gainers were Sterlite Industries up 0.97% to Rs 845.35, Tata Steel by 1.64% to Rs 553.60, Hindalco by 1.57% to Rs 142.30, Tata Motors by 0.43% to Rs 713.50 and DLF Ltd by 0.82% to Rs 385.80.

TOI

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