MUMBAI: The Bombay Stock Exchange benchmark sensex opened nearly 129 points higher on Monday on emergence of buying in fundamentally strong shares at lower levels, driven by a firming trend on other Asian bourses.
However, a spike in global oil prices after Western forces launched airstrikes on Libyan targets capped the gains.
The 30-share barometer, which lost nearly over 480 points in the previous two sessions, rose by 128.92 points, or 0.72%, to 18,007.73 in the first few minutes of trade today.
In a similar fashion, the wide-based National Stock Exchange Nifty index rose by 39.60 points, or 0.73%, to 5,413.30.
Brokers said investors indulged in selective buying of select available at attractive rates after the two-session losing streak.
Stocks of metals, consumer durables, auto and power firms were trading in the positive zone, helping the sensex to trade higher, but state-run oil companies faced selling pressure as rising crude oil prices increased their financial burden on fuel subsidies.
In the Asian region, Hong Kong's Hang Seng index rose by 1.30% in morning trade today, while the US Dow Jones Industrial Average ended 0.71% higher in the previous session on Friday.
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However, a spike in global oil prices after Western forces launched airstrikes on Libyan targets capped the gains.
The 30-share barometer, which lost nearly over 480 points in the previous two sessions, rose by 128.92 points, or 0.72%, to 18,007.73 in the first few minutes of trade today.
In a similar fashion, the wide-based National Stock Exchange Nifty index rose by 39.60 points, or 0.73%, to 5,413.30.
Brokers said investors indulged in selective buying of select available at attractive rates after the two-session losing streak.
Stocks of metals, consumer durables, auto and power firms were trading in the positive zone, helping the sensex to trade higher, but state-run oil companies faced selling pressure as rising crude oil prices increased their financial burden on fuel subsidies.
In the Asian region, Hong Kong's Hang Seng index rose by 1.30% in morning trade today, while the US Dow Jones Industrial Average ended 0.71% higher in the previous session on Friday.
toi
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