Sensex up 170 pts in early trade, Nifty regains 5,100 level

Mumbai, Oct 14 (PTI) The Bombay Stock Exchange benchmark
Sensex Wednesday rose by 170 points in early trade on
increased buying by foreign funds amid firming global trends.

The 30-share index gained 170.61, or 1 per cent, at
17,197.28 points with stocks of metals, auto and realty
sectors leading the rally.

The wide-based National Stock Exchange index Nifty jumped
64.30 points, or 1.27 per cent, to hit a 17-month high of
5,118.55 points.

Brokers said sustained buying by foreign funds,
bolstered by firming trends in the global markets and
expectations of encouraging corporate quarterly earnings,
influenced the trading sentiments.

Among Sensex stocks, which posted significant gains, were
Sterlite Industries (up by 1.69 per cent to Rs 822.55), Tata
Steel (by 1.71 per cent to Rs 555.30) and Hindalco (by 1.28
per cent to Rs 130.50).

Reliance Industries moved up by 0.68 per cent to Rs
2,181.90, Reliance Infra by 2.35 per cent to Rs 1,38.85, ONGC
by 1.09 per cent to Rs 1,258.20 and BHEL by 1.72 per
cent to Rs 2,466.

However, stocks of software exporters were under some
pressure following weakening of dollar against the rupee.

Hong Kong's Hang Seng was trading higher by 1.50 per
cent, while Japan's Nikkei was almost steady in early trade
Wednesday. PTI SUN