Sensex climbs 211 points

Mumbai: The Sensex gained over 211 points in opening trade on the Bombay Stock Exchange (BSE) today on fresh buying by funds, tracking a firming trend on other Asian bourses.

The 30-share index of the Bombay Stock Exchange, which gained 265.57 points in the previous session, gained another 211.55 points, or 1.19 per cent, to 17,940.16 points today, with auto, metals, banking and realty stocks leading the rise.

Similarly, the broad-based National Stock Exchange Nifty index also moved up by 63.10 points, or 1.18 per cent, to 5,373.10.

Brokers said the investor sentiment was boosted by a firming trend in Asia following a higher close in the US market on the weekend.

They said prevailing low levels also attracted buying activity. Furthermore, covering up of pending short positions helped the Sensex rise.

Among banking stocks, State Bank of India rose 1.79 per cent to Rs 2,631, while ICICI Bank gained 1.81 per cent to Rs 1,019.75 in opening trade today.

Meanwhile, Japan`s Nikkei index was up by 0.86 per cent and Hong Kong`s Hang Seng Index by 0.73 per cent in early trade today.

In the US, the Dow Jones Industrial Average ended 0.36 per cent higher in the previous session on Friday.