Mumbai: The markets open strong with some significant gain in line with global peers on the back of buying interest seen in the telecom, banking and cement stocks.
The Bombay Stock Exchange benchmark index Sensex, recovered by nearly 99 points in early trade on Thursday on emergence of buying by funds and retail investors.
The 30-share index recovered by 98.70 points at 14,189.62 in the first five minutes of trade on funds buying in heavyweight stocks.
Similarly, the National Stock Exchange index, Nifty, rose by 27.55 points at 4,110.25.
Major gainers in the opening trade were Reliance, Rel Comm, ACC, Grasim, SBI, ICICI Bank, HLL, Bharti, Mphasis and BHEL. However, ONGC, Maruti and Hero Honda were trading down.
Tata Steel stocks continued to remain under selling pressure and quoted further lower at Rs 458.
Market cues:
- Final FII, MF figure for January 29 not released by SEBI yet
- NSE F&O Open Interest up by Rs 2,216 crore (Rs 22.16 billion) at Rs 50,878 crore (Rs 508.78 billion)
- Bank holiday in Mumbai
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