Sensex gains 31 pts in opening trade

Mumbai, Dec 21 (PTI) The Bombay Stock Exchange benchmark
Sensex on Monday gained 31 points, or 0.14 per cent, in
opening trade on selective buying by funds and retail
investors.
The 30-share index rose by 31.16 points to 16,750.99
points. It had lost 191.92 points in the past two sessions,
The wide-based National Stock Exchange index Nifty moved
up by 9.60 points, or 0.09 per cent, to 4,997.30 points.
IT, auto and metal stocks were the major gainers helping
Sensex trade in the positive zone.
Brokers said fresh buying by funds and retail investors
amid mixed trends on the other Asian bourses, influenced
trading sentiments here.
They said cautious approach adopted by majority of market
participants in view of approaching year-end, however,
restricted gains.
Among technology stocks, Wipro Ltd rose by 1.62 per cent
to Rs 685.95, TCS by 0.72 per cent to Rs 732.75 and Infosys by
0.53 per cent to Rs 2,5490 largely in line with weekend rally
in Indian companies ADRs on the US market.
Other gainers were Maruti Suzuki by 0.66 per cent to Rs
1,558.70, Tata Motors by 1.67 per cent to Rs 745, Mahindra and
Mahindra by 1.17 per cent to Rs 1,056, SBI by 0.24 per cent to
Rs 2,150 and Sterlite by 0.53 per cent to Rs 822.40.
However, heavy-weight Reliance Industries fell by over 2
per cent to trade at recent low of Rs 990. PTI SUN
MYR