The Bombay Stock Exchange benchmark Sensex on Monday rose by 75 points in opening trade on fresh buying by funds and retail investors amid short-covering by speculators.
The Bombay Stock Exchange benchmark Sensex on Monday rose by 75 points in opening trade on fresh buying by funds and retail investors amid short-covering by speculators.
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The 30-share index rose by 75.08 points to 17,176.62 points. The wide-based National Stock Exchange index Nifty also moved up by 22.40 points to trade higher at 5,131.30 points.
IT, auto and banking stocks were major gainers, which helping Sensex trade in the positive zone. Brokers said fresh buying by funds and retail investors, and covering-up of short positions by speculators influenced trading sentiments. However, weak trends on the other Asian bourses, which were down up to 0.80 per cent, capped the gains to some extent, they added.
Among technology stocks, Infosys shot up by 1.49 per cent to Rs 2,418, Wipro by 1 per cent to Rs 643.80 and Tata Consultancy Services by 0.79 per cent to Rs 701.
Other gainers were Reliance Industries by 0.24 per cent to Rs 1,091.70, RCom by 1.09 per cent to Rs 180.90, Maruti Suzuki by 0.36 per cent to Rs 1,601, Tata Motors by 1.70 per cent to Rs 721.70, Hero Honda by 0.43 per cent to Rs 1,673.70, ICICI Bank by 0.88 per cent to Rs 879 and State Bank of India by 0.19 per cent to Rs 2,332.
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