The Bombay Stock Exchange benchmark index Sensex shot up by over 162 points to regain 17,000 points mark in opening trade, extending Tuesday’s gains on firming trends in other Asian bourses and an overnight rally on the US market.
The 30-share BSE Sensex was trading well above 17,000 points level at 17,120.56 points, a rise of 162.02 points, or 0.95 per cent in opening trade with stocks of metals, auto, realty, capital goods and FMCG sectors leading the rally. The BSE barometer had gained 92.13 points in the previous session.
The wide-based National Stock Exchange index Nifty moved up by 49.60 points, or 0.98 per cent to trade at 5,077.00.
Stock brokers said pick up in buying by foreign funds bolstered by firming trends in the global markets and expectations of robust corporate earnings, influenced the trading sentiments on the domestic bourses here.
However, stocks of software exporters such as Infosys Technologies and Tata Consultancy Services remained under pressure following weakening of dollar against the rupee.
