Opening Bell: Equity indices surge 0.7 pc amid strong global cues

Equity benchmark indices ruled strong during early hours on Jan 08 tracking positive global cues amid hopes of additional fiscal stimulus in the United States and optimism about an economic recovery. At 10:15 am, the BSE SandP Sensex was up by 346 points or 0.72 per cent at 48,439 while the Nifty 50 edged higher by 107 points or 0.76 per cent to 14,244. Except for Nifty metal, all sectoral indices at the National Stock Exchange were in the green with Nifty realty gaining by 2.2 per cent, pharma and IT by 1.4 per cent each, and auto by 1.3 per cent. Among stocks, agro-chemicals manufacturer UPL added gains of 4.5 per cent at Rs 504.35 per share while Bharat Petroleum Corporation moved up by 2.5 per cent to Rs 402.