Mumbai, Mar 10 (PTI) Riding on exit polls that predict the
BJP emerging as the single largest party in UP and coming to
power in Uttarakhand, the BSE Sensex climbed over 146 points
in opening trade today on heavy fund inflows.
Moreover, industrial production (IIP) data for January,
scheduled to be released after market hours today, also
influenced sentiments.
All the sectoral indices led by consumer durables, IT,
metal, realty, bank, capital goods and auto sectors were
trading in the positive zone with gains of up to 0.73 per
cent.
The 50-share NSE Nifty also rose 48.70 points, or 0.54 per
cent, to trade at 8,975.70.
The 30-share Sensex spurted by 146.50 points, or 0.50 per
cent, to quote at 29,076.63.
The gauge had gained 27.19 points in the previous session.
Brokers said that sustained capital inflows by foreign
funds at the domestic bourses and widespread buying by retail
investors after exit polls showed the BJP emerging as the
single largest party in Uttar Pradesh as well as Goa and
coming to power in Uttarakhand lifted the key indices.
Further, a firming trend in other Asian markets following
overnight gains on the US bourses lifted the trading sentiment
here, they said.
The BSE consumer durables sector index gained the most,
rising 0.73 per cent, followed by IT index 0.70 per cent and
capital goods by 1.98 per cent.
Among other Asian markets, Japan’s Nikkei gained 1.33 per
cent, while Shanghai Composite Index rose 0.04 per cent in
early trade today. Hong Kong’s Hang Seng, however, shed 0.10
per cent.
The US Dow Jones Industrial Average gained 0.01 per cent
in yesterday’s trade.
This is published unedited from the PTI feed.