Sensex up 247 points in opening trade on global cues

Mumbai, June 03: The Bombay Stock Exchange benchmark Sensex today surged by over 247 points in opening trade tracking firm global cues.

The Bombay Stock Exchange benchmark Sensex today surged by over 247 points in opening trade tracking firm global cues.

The 30-share index, which rose by 169.81 points in the previous trading session, shot up by 247.25 points, or 1.47 per cent, to 16,989.09.

Sectoral indices, led by realty and metals, were trading up to 2.06 per cent higher.

Likewise, the wide-based National Stock Exchange index Nifty shot up by 76.90 points, or 1.53 per cent, to 5,096.75 points.

Brokers said trading sentiment turned better after overnight gains on the US market and firm opening on Asian bourses following good US home and auto sales reports.

Tata Motors was up by 2.53 per cent to Rs. 763.40, Maruti Suzuki by 1.20 per cent to Rs. 1,293, Mahindra and Mahindra by 1.72 per cent to Rs. 584.10 and Hero Honda by 1.32 per cent to Rs. 2,007.

Among other gainers Reliance Industries was up by 1.43 per cent to Rs. 1,026.35, Infosys Technologies by 1.13 per cent to Rs. 2674.15, Sterlite Industries by 2.48 per cent to Rs. 650.30 and Tata Steel by 1.63 per cent to Rs. 492.

Meanwhile, the U.S. Dow Jones Industrial Average ended 2.25 per cent higher while Japan’s Nikkei gained 2.63 per cent and Hong Kong’s Hang Seng index was up 1.65 per cent in the morning trade today.

—-PTI