Sensex Regains 297 Pts In Opening Trade

stock marketsThe 30-share index BSE Sensex regained more than 297 points during opening trade today, reversing a four-day losing streak, on the back of fresh capital inflows by foreign funds together with strengthening worldwide trends.

Strong buying activity was witnessed across realty, metals and power stocks.

The Sensex, which fell over 1,510 points during the last four sessions, gained 297.69 points at 13,698.01 in the opening trade with the sectoral indices trading in the green zone with gains up to 4.43%.

In the same way, the broad-based National Stock Exchange, Nifty surged 87.60 points at 4,061.65.

According to stock brokers, strengthening stock markets mainly influenced the sentiments here, triggering all-round buying.

The major gainers in the list included RIL, which gained 2.15%, Rel Infra surged 4.45%, RCom zoomed 3.61%, Mah & Mah increased 3.20%, HDFC gained 1.40%, ICICI Bank made 5.75% and Maruti Suzuki was up by 1.34%.

In addition, DLF Ltd climbed up by 4.60%, Tata Steel soared 3.51% and Sterlite Ind increased 2.75%.

The US Dow Jones Industrial Average closed 2.27% higher on Monday, where the majority of the Asian stock markets were trading with gains more than 2% higher in morning trade.