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This story is from February 26, 2008
Indices open slightly higher; energy shares lead
The Bombay Stock Exchange's Sensex was up 112 points or 0.63 per cent at 17,762.25. The National Stock Exchange's Nifty was up 36 points or 0.7 per cent at 5236.85.
MUMBAI: Equities opened slightly higher on Tuesday on the back of positive global cues. Banks and energy shares pulled key indices higher, while cements and fertilizers led the rally in the broader market.
At 10:05 am, the Bombay Stock Exchange's Sensex was up 112 points or 0.63 per cent at 17,762.25.
The National Stock Exchange's Nifty was up 36 points or 0.7 per cent at 5236.85.
Biggest Nifty gainers in early trade were Reliance Energy (up 2.93%), Cairn India (2.85%), HDFC Bank (2.26%), Nalco (2.14%), Suzlon Energy (2.13%), Unitech (1.96%) and Ambuja Cements (1.87%).
Later on Tuesday, Railway Minister Lalu Prasad Yadav will present the Railway Budget 2008-09, which will be eagerly eyed.
Asian indices rose Tuesday, boosted by exporters and tracking a rally in the US overnight. The Nikkei 225 was 0.53 per cent higher, the Hang Seng added 1.29 per cent and the Straits Times climbed 0.46 per cent.
US stocks rose on Monday on signs two large bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs. Dow Jones Industrial Average surged 1.53 per cent, Standard & Poor's 500 Index gained 1.38 per cent and Nasdaq Composite Index rose 1.05 per cent.
Courtesy: www.economictimes.com
At 10:05 am, the Bombay Stock Exchange's Sensex was up 112 points or 0.63 per cent at 17,762.25.
The National Stock Exchange's Nifty was up 36 points or 0.7 per cent at 5236.85.
Biggest Nifty gainers in early trade were Reliance Energy (up 2.93%), Cairn India (2.85%), HDFC Bank (2.26%), Nalco (2.14%), Suzlon Energy (2.13%), Unitech (1.96%) and Ambuja Cements (1.87%).
Glaxo (down 0.49%), Bharti Airtel (0.44%), Satyam Computer (0.13%) and Maruti Udyog (0.07%) were the losers.
Later on Tuesday, Railway Minister Lalu Prasad Yadav will present the Railway Budget 2008-09, which will be eagerly eyed.
Asian indices rose Tuesday, boosted by exporters and tracking a rally in the US overnight. The Nikkei 225 was 0.53 per cent higher, the Hang Seng added 1.29 per cent and the Straits Times climbed 0.46 per cent.
US stocks rose on Monday on signs two large bond insurers would stabilize, bringing a wave of relief to a market dogged by concerns of further bank write-downs. Dow Jones Industrial Average surged 1.53 per cent, Standard & Poor's 500 Index gained 1.38 per cent and Nasdaq Composite Index rose 1.05 per cent.
Courtesy: www.economictimes.com
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