Sensex rises by 48 points in opening trade on global cues

The Bombay Stock Exchange benchmark sensex recovered by over 48 points in the opening trade today on fresh capital inflows from foreign funds amid moderate gains in global markets.

The 30-share index was up by 48.35 points, or 0.28% at 17,213.34 in the opening trade. The Sensex closed 1.63 points down at 17,164.99 points in yesterday's trade.

The wide-based National Stock Exchange index nifty edged higher by 15.10 points, or 0.29% to 5,144.00 points.

Stock brokers said apart from fresh capital inflows by foreign funds, driven by better trend on the global markets, selective buying by retail investors also supported the recovery in share prices.

Among gainers, Reliance Industries was up 0.95% at Rs1,037.55, Reliance Infra 0.58% to Rs980.50, Tata Steel 0.55% to Rs613.30, Sterlite Industries
0.27% to Rs828.55, Sun Pharma 1% to Rs1,642.50, State Bank of India 0.35% to Rs2,023 and BHEL 0.24% to Rs2,372.90.

Meanwhile, the Hong Kong's hang seng was up by 0.20%, while Japan's nikkei by 0.23% in the morning trade today. The US dow jones Industrial average ended 0.16% higher in the previous session.