Sensex rises 139 points on buying by funds

Mumbai, Dec 31 (PTI) The Bombay Stock Exchange benchmark
Sensex Thursday rose by over 139 points, or 0.80 per cent, in
early trade after on selective buying by funds and retail
investors in power and metal stocks.

The 30-share index gained 139.81 points, or 0.80 per
cent, at 17,483.63 points. the barometer had closed lower by
75.74 points in the previous session.
The wide-based National Stock Exchange index Nifty also
regained 5,200 level in the first five minutes of trading
rising by 40.45 points to 5,209.90 points.
Marketmen said buying activity picked up after a firming
trend in Asian regions following overnight gains in the US
markets.
Ending of current month settlement in the derivatives
contract also fueled the buying activity, they said.
Power, realty and metal stocks were the major gainers.
The Hong Kong's Hang Seng index was up 1.68 per cent
in the morning trade. The US Dow Jones Industrial Average
closed 0.03 per cent higher in overnight trade. PTI RS
RDM


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