Sensex rises 190 points in early trade on firm global cues

by PTI on June 18, 2009

in Business

Sensex risesMumbai, June 19 (PTI) The Bombay Stock Exchange benchmark Sensex today opened over 190 points up, breaking a two-session losing streak, as funds and investors resumed buying activity, driven by the rebound in the global markets on encouraging economic data from the US.

The Sensex, which had plunged over 692 points in the past two sessions, recovered by 190.81 points, or 1.30 per cent, at 14,456.34 points in the first five minutes of trade.

The wide-based National Stock Exchange index Nifty was also up by 59.85 points, or 1.30 per cent, at 4,311.25.

Stock brokers said sentiment turned better on emergence of buying by funds and retail investors at prevailing levels as the US data on job market and regional manufacturing revived hopes that the recession-hit economy is stabilising.

Related News

Leave a Comment

Previous post:

Next post: