Extending its gains for the third day in a row, the Bombay Stock Exchange benchmark index, Sensex, rose over 131 points in opening trade today, with shares of auto sector leading the rally, on continued foreign capital inflows amid firm global cues.
Sentiments were also bolstered by robust auto sales, higher cement shipments and strong September quarter GDP data.
The 30-share BSE Sensex rose 131.41 points, or 0.76%, to 17,329.68 points in early trade with most of the sectoral indices trading in positive zone. The wide-based National Stock Exchange index, Nifty, rose 39.75 points, or 0.77 per cent, to 5,161.75 points.
Brokers said market sentiments were bullish on the back of continued buying by foreign funds on strong global cues and better-than-expected GDP data for September quarter.
Also, the good sales figures for November posted by the auto industry and higher despatches by the cement makers pepped up the market mood. The GDP for the second quarter of this fiscal stood at 7.9%.
Stocks of country's most-valued firm RIL gained 0.26% at Rs1,100.70. Among auto stocks, Tata Motors surged 2.25% to Rs716.50 and Maruti Suzuki 1.79% to Rs1,616.50. Other gainers were Sterlite Industries up by 1.02% to Rs894 and Tata Steel 1.09% to Rs588.35.
In morning trade, Hong Kong's Hang Seng rose 1.17%, while Japan's Nikkei gained 0.38%. The US Dow Jones Industrial Average had ended 1.23% higher yesterday.
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