Sensex opens in green on value-buying, climbs 164 points

The benchmark Sensex opened in the

green by rising 164 points today, buoyed by value-buying in

select blue-chips at a time of firm Asian cues.

The 30-share BSE index was up 163.80 points, or 0.49 per

cent, at 32,924.24. Also, the NSE Nifty rose by 50.85 points,

or 0.50 per cent, to 10,168.90.

All sectoral indices, including capital goods, oil and

gas, consumer durables and healthcare, advanced by up to 0.60

per cent.

The Sensex had lost 554.12 points in the previous three

sessions on subdued exports, higher inflation and muted second

quarter earnings of some companies.

Value-buying in recent losers and a better trend at other

Asian markets triggered fresh spell of buying on the domestic

bourses here.

Besides, a continued slide in crude oil prices drew

investors' attention, fuelling buying in oil marketing company

stocks, they added.

Prominent gainers were Reliance Industries, Tata Motors,

ONGC, L&T, Bharti Airtel and Dr Reddy's, rising by up to 1.88

per cent.

Hong Kong's Hang Seng was up by 0.61 per cent while

Japan's Nikkei added 0.83 per cent in early trade today.

Shanghai Composite, however, was down 0.10 per cent.

The US Dow Jones Industrial Average ended 0.59 per cent

lower yesterday.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)