Mumbai, Dec 23: The Bombay Stock Exchange benchmark Sensex rose by 155 points in opening trade on Wednesday on buying in metals and IT stocks by funds driven by firm global cues.
The 30-share index rose by 155.93 points, or 0.93 per cent, to 16,847.93 points in opening trade on the back of rally in heavy-weight stocks.
The wide-based National Stock Exchange index Nifty regained 5,000 points level gaining 36.20 points, or 0.70 per cent, to 5,022.05 points.
Brokers attributed gains in stocks to positive Asian stock markets after overnight gains on the US market.
Metal stocks continued to remain in demand on hopes of pick up in demand on the back of signs of recovery in global economy. Sterlite Industries gained 1.13 per cent to Rs 815.65, Tata Steel up by 1 per cent to Rs 583.40, while Hindalco traded 0.81 per cent higher at Rs 143.30.
Among other gainers, Infosys was up by 1.70 per cent to Rs 2,544, TCS by 1.23 per cent to Rs 733, Wipro by 0.63 per cent to Rs 683.20, Reliance Industries by 1.01 per cent to Rs 1,029.10, SBI by 0.64 per cent to Rs 2,180 and ICICI Bank by 1.28 per cent to Rs 836.50.
Hong Kong’s Hang Seng index was up marginally in the morning trade. The US Dow Jones Industrial Average ended 0.49 per cent higher on Tuesday.
–Agencies