Sensex climbs 179 points in opening trade

Mumbai, Nov 10 (PTI) Maintaining its four-day bull-run,
the BSE benchmark Sensex rose nearly 179 points in opening
trade Tuesday, riding high on positive sentiment following the
various measures adopted by Sebi to encourage SMEs to launch
public issues and on firm global cues.
The 30-share BSE Sensex rose by 178.81 points, or 1.1
per cent to 16,677.53 points in opening trade with all
sectoral indices trading in positive zone with gains of up to
1.44 per cent. The BSE barometer gathered a hefty 1,093.78
points in the previous four sessions.
The wide-based National Stock Exchange index Nifty
climbed 49.30 points to 4,947.70 points.
Brokers said sentiments on the domestic bourses remained
buoyant following market regulator SEBI decision to allow
stock exchanges to have separate trading platforms for SMEs
and relax the criteria for IPOs and FPOs of all companies.
Besides, firm trend on the global markets after the Group
of 20 finance ministers pledged to support the world economy
further boosted the market mood.
Among prominent gainers, Sterlite Industries rose by 1.31
per cent to Rs 810.90, Tata Steel by 1.11 per cent to Rs 515,
Hindalco by 0.93 per cent to Rs 130.75 and Reliance Industries
up by 3.23 per cent to Rs 2,089.90.
The Hong Kong's Hang Seng index shot up by 1.2 per cent,
while Japan's Nikkei rose 1.3 per cent in morning trade
Tuesday. The US Dow Jones Industrial Averaged gained 2.03 per
cent to close at 13-month high Monday. PTI