BSE Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT,banking and metal stocks amid positive global cues.
The 30-share barometer gained 90.93 points,or 0.45 per cent,to 20,202.54 points. The index had lost over 174 points in the previous two sessions.
Similarly,the wide-based National Stock Exchange index (NSE) Nifty moved up by 19.30 points,or 0.32 per cent,to 6,133.40.
Brokers said buying by funds in select stocks amid a better trend in the Asian region following overnight gains on the US market,mainly influenced the trading sentiment.
Among major gainers,ICICI Bank and Infosys rose up to 1 per cent. Coal India was up by 1.55 per cent,State Bank of India by 1.27 per cent and Tata Motors by 1.31 per cent. Meanwhile,Japan’s Nikkei was up by 0.39 per cent,while trading on the Hong Kong stock exchange had been delayed due to a black rainstorm warning.
The US Dow Jones Industrial Average gained 0.34 per cent to close at new all-time highs yesterday.
(Reuters)
* Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan’s Nikkei reaching a 5-1/2 year high,while the yen took a defensive stance ahead of the outcome of the Bank of Japan’s policy meeting.
* US stocks rose on Tuesday,with the Dow and the S&P 500 closing at new all-time highs as Federal Reserve officials’ comments eased some concerns that the central bank could start reducing its stimulus program.
FACTORS TO WATCH
* March-quarter earnings from Zee Entertainment Enterprises Ltd,Larsen & Toubro Ltd
INDIAN STOCKS TO WATCH
* India’s Tech Mahindra Jan-March net up 24.42 pct,beats estimates
* ING tests waters to exit ING Vysya,approaches banks to consider deal.
* Banks to finance Tamil Nadu PSU discom’s 100 pct cash loss for FY14.
* Royalty payments to parent firms abroad to face queries on beneficial owners.
* Reliance Infra to commission 2nd cement unit by Sept.
* ONGC foreign arm posts 44 pct increase in net profit.
* India’s JSW Energy says floor price for share sale set at 61.50 rupees/share.
* India’s JK Paper Jan-March net up 88.67 pct.
* India’s Omaxe raises $9 mln in partially subscribed share sale.
* India’s Prestige Estates Jan-March net up more than two fold.
* India’s JSW Ispat Steel reports Jan-March net profit.
* Heidelberg Cement India to sell Raigad cement grinding facility to JSW Group.
* Coal India employees threaten indefinite strike.
* Vodafone eyes pan-India rollout of 3G network; open to buying spectrum from rivalsk.
* Shree Renuka Sugars to raise $350 mln through Brazilian arm.
* Jindal Steel,Aussie firm bag stakes in ONGC blocks


