Markets improves further on firm global cues

Thu, May 15 12:04 PM

Mumbai, May 15 (PTI) Smart rally in capital goods, banks and realty counters helped the benchmark Sensex to extend its overnight gains by 224 points at 1030 hours. Positive global cues mainly aided the sentiment.

Besides Hang Seng, most of the Asian markets were trading firm this morning on the back of favourable trend on Wall Street last night on easing concerns about inflation after a better-than-expected consumer prices data. The Bombay Stock Exchange 30-share barometer opened past 17K and later moved in a range of 17,231.72 and 17,079.94 before being quoted at 17,202.42 at 1030 hours, a rise of 224.07 points or 1.32 per cent over previous close of 16,978.35.

Yesterday it was up by 225.49 points or 1.35 per cent. The 50-issue S&P CNX Nifty of the National Stock Exchange also rose by another 59.50 points or 1.19 per cent to 5,071.25 at 10.30 am from last close.

The rally was so strong that all sectorial indices were quoting in the green. As per provisional figure, Foreign Institutional Investors (FIIs) bought shares worth Rs 85.12 crore yesterday.

PTI.

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