Sensex rallies 170 points in opening trade

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, January 2, 2015, 9:37 [IST]

The Sensex and the Nifty rallied in opening trade today gaining 160 points on the second day of trading for the calendar year 2015.

Top gainers from the Sensex continued to be PSU banking stocks and government owned entities like Bhel which saw renewed buying interest.

Other Nifty stocks that gained ground were ONGC and HDFC. There were no losers from the Sensex in early trade except Mahindra and Mahindra which lost ground on weak numbers for the month of December.

Shares in SRF were up a huge eight per cent following reports that it plans to acquire Dupont's Dymel pharma propellant business for USD 20 million.

Shares in SJVN were up after the company signed a MoU with Hindustan Salts & Rajasthan Electronics. Mid cap stocks also saw buying interest with Berger Paints, Bajaj Holdings and Unitech among the gainers.

Spice Mobility rallied a huge 8 per cent on reports that the board is to meet to consider voluntarily delisting. Meanwhile, markets in Asia were trading with gains, except the Japanese Nikkei which had a weakish start to the new year.

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