Sensex jumps 300 points in early trade

Commentary

oi-Sneha

By Sneha B K

Published: Tuesday, January 3, 2012, 13:48 [IST]

The Indian benchmark Sensex rose by 300 points on Tuesday, after government postponed the petrol hike. Shares of oil marketing companies tumbled in early trade.

The BSE Sensex touched intraday high of 15822.54 up by 304 points. At 10.30 am IST the 30-share BSE Sensex was trading at 15,812.61 up by 295 points or 1.68% and NSE Nifty was trading at 4,715.56 up by 78.90 points or 1.90%.

Improved manufacturing data from China and India also boosted market sentiments driving most of the Asian stocks up. Japan’s Nikkei 225 rose 56.46 points or 0.67% to 8,455.35 China’s Shanghai Composite was up by 26.57 points or 1.22% at 2,200.13. Hang Seng index rose 378.30 points or 2.05% to 18,812.69

Among Sectoral indices on the BSE, all were seen trading in positive terrain. Realty, Metal and Consumer Durables were among toppers with 2.05-2.28% gains.

On the National Stock Exchange (NSE), the top volume gainers were Coal India, Tata Motors, Tata Power, DLF and ICICI bank posted gains between 2.85%-3.94%

And the top losers in the opening trade were BPCL, Grasim, Bajaj Auto, and M&M were among top losers.

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