Business

Sensex Up By 34 Points In Opening Trade

Mumbai, October 7:  The benchmark BSE Sensex gained over 34 points in opening trade today on buying in oil, banking and IT stocks amid sustained foreign fund inflows.

The 30-share index was trading higher by 34.16 points or 0.12 per cent at 26,967.04 points in early trade.

The barometer had rallied 1,316.04 points in the previous five sessions.

Among major gainers, ONGC rose by 2.6 per cent, Gail by nearly 2 per cent, and Vedanta Ltd by 1.5 per cent. SBI, Infosys, HDFC and Maruti rose up to 1.3 per cent.

Also, the National Stock Exchange index Nifty edged higher by 5 points, or 0.06 per cent at 8,157.90.

Sentiment also got a boost from Prime Minister Narendra Modi's statement that the Goods and Services Tax (GST) will be rolled out from next year, brokers said.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.88 per cent, while Japan's Nikkei shed 0.17 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.08 per cent higher in yesterday's trade.

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