Sensex Up 101 Points In Early Trade; RIL Surges 3 percent
By PTI
Mumbai: The BSE benchmark sensex rose over 101 points in early trade on the back of buying by funds in oil and gas, consumer durables, PSU and metal stocks despite a weak trend in the Asian region.
The 30-share barometer gained 101.27 points, or 0.51percent, to 19,805.60 points. The index had gained 30 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 31.10 points, or 0.52 percent to 6,014.65.
Brokers said buying by funds in Reliance Industries and other heavy-weight stocks and some short-covering by speculators, mainly influenced the trading sentiment.
They said, however, a weakening trend on the other Asian bourses, limited the gains.
Stocks of Reliance Industries spurted by 3.60 percent to Rs.816.30 after company announced a huge natural gas discovery, possibly the biggest find ever, in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.
Coal India stocks also up by 1.13 percent at Rs.313.85 ahead of quarter earnings.
Meanwhile, Japan's Nikkei was fell over 3 percent, while Hong Kong's Hang Seng shed 0.11 percent in early trade.
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