Sensex up 76 points on Asian cues
Mumbai: The Sensex and the Nifty rose over 0.4 per cent in the opening session on Tuesday on fresh buying by funds and retail investors owing to firm global cues. At 9.15 a.m., the 30-share BSE index Sensex was up 76.41 points (0.4 per cent) at 19,401.18 and the 50-share NSE index Nifty was up 41.15 points (0.71 per cent) at 5,852.70.
Asian stocks recovered from the biggest slump in the regional benchmark in two weeks, and regional credit risk declined after Alcoa Inc. kicked-off the US earnings season with results that beat analysts’ estimates. Alcoa had yesterday posted sales and profit that exceeded analysts’ forecasts.
According to data released today, Chinese inflation rose more than forecast in June. European Union officials are meeting today after the Euro Zne finance ministers had yesterday agreed on an aid package for Greece.
Nikkei rose 162.98 points or 1.16 per cent to 14,272.30, Hang Seng jumped 78.31 points or 0.38 per cent to 20,660.50 and S&P/ASX 200 climbed 64.37 points or 1.34 per cent to 4,873.90.