Sensex Up 97 Points In Morning Trade

Monday, December 23, 2013
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Mumbai: The S&P BSE Sensex on Monday rose by 97 points in morning trade on sustained buying by operators mainly in realty, consumer durables, metal, capital goods, banking, healthcare and auto sector stocks on the back of firm Asian cues amidst good foreign fund inflows.
 
The Sensex resumed higher at 21,080.54 and rose further to 21,207.89 before quoting at 21,176.33 at 1030am, showing a gain of 96.61 or 0.46 percent from its last weekend's level.
   
The NSE 50-share Nifty also firmed up by 31.35 points or 0.50% to 6,305.60 at 1030 hours.
    
The market sentiment was also boosted by data showing that foreign funds remained buyers of Indian stocks. Foreign institutional investors (FIIs) bought shares worth a net Rs.990.19 crore on last Friday, as per provisional data from the stock exchanges.
    
Major gainers were Hindalco Inds (3.61percent), Bhel (2.14 percent), SSLT (1.97 percent), Hero Motocorp (1.96 percent), Tata Steel (1.94 percent) and Bajaj Auto 1.47percent.
    
Asian stocks rose in early trade after data showed faster-than-estimated economic growth in the U.S. and the International Monetary Fund said it's raising its outlook for the world's largest economy.
 
The key indices in China, Hong Kong, Taiwan, Singapore and South Korea rose 0.32 percent to 0.72 percent.
    
U.S. stocks rallied on last Friday, lifting the Dow Jones Industrial Average and the S&P 500 to record levels, after a government report showed the economy grew at its fastest pace in two years last quarter.

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Source: PTI
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