Sensex rises 131 points in opening trade on global cues

Mumbai, July 15 (PTI) The Bombay Stock Exchange benchmark
Sensex rose over 131 points in opening trade on Wednesday,
rising for the second straight session on higher capital
inflows by foreign funds and a firming global market.

Short-covering by speculators too supported the rise in
stock prices.

The 30-share index, which had surged 453.38 points in the
previous session, gathered another 131.21 points at 13,984.91
points in opening trade.

Similarly, the wide-based National Stock Exchange index
Nifty moved up by 44.55 points to 4,155.95.

Stock brokers said pick up in buying by foreign funds,
triggered by firming global equity markets after better than
expected results from US companies Goldman Sachs and Intel,
lifted hopes for a economic recovery.

Major gainers were Reliance Industries by 0.82 per cent
to Rs 1,826, Reliance Infra by 2.48 per cent to Rs 1,080, RCom
by 2.49 per cent to Rs 255.20, Larsen and Toubro by 1.70 per
cent to Rs 1,396, Tata Steel by 2.44 per cent to Rs 366.95 and
Sterlite Industries by 2.91 per cent to Rs 621.50.

The US Dow Jones Industrial Average ended 0.33 per cent
higher on Tuesday, while Hong Kong's Hang Seng was up 1.38 per
cent and Japan's Nikkei gained 0.72 per cent in morning trade
on Wednesday. PTI