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Sensex rises by 131 points on global indications | The Bombay Stock Exchange (BSE) index benchmark, Sensex, climbed over 131 points in the opening trade today. The Sensex has gained for the third time in a row, after earlier gains in the last two days. The shares of auto sector leaded the continued foreign
capital inflows in the midst of firm global indications. Stout auto sales, higher
cement shipments and strong September quarter GDP data augmented the sentiments
of investors. With sectoral indices moving the right direction, Sensex rose by
0.76 percent to 17,329.68 points in the early trade. The National Stock Exchange
(NSE) index, Nifty rose by 0.77 percent to 5,161.75 points. The brokers were upbeat
about the market conditions due to continuous buying by foreign funds as a strong
global sign and a better than expected data for the September quarter. The GDP
stood at 7.9 percent for the second quarter of the financial year. RIL gained
0.26 per cent at Rs 1,100.70, Tata Motors increased by 2.25 per cent to Rs 716.50
and Maruti Suzuki surged 1.79 per cent to Rs 1,616.50. The other firms making
profits were; Sterlite Industries increasing by 1.02 per cent to Rs 894 and Tata
Steel's 1.09 percent rise to Rs 588.35. Hong Kong's Hang Seng rose by 1.17 percent
and Japan's Nikkei gained 0.38 percent in the morning trade. |
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