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Sensex rises by 180 pts

Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 180 points to trade above the 17,000-mark in opening trade today on sustained buying amid positive cues from other Asian markets.

The 30-share BSE index, which gained over 409 points in the previous two sessions, added another 180.58 points, or 1.07 per cent, to 17,057.12 in opening trade today.

In a similar fashion, the wide-based National Stock Exchange Nifty Index moved up 49.65 points, or 0.97 per cent, to trade above the 5,100-level at 5,125.35 points within minutes of the opening bell.

Strong buying interest in oil and gas, PSU, IT, metal and realty stocks supported the Sensex`s rise.

Brokers said sustained buying by funds and retailers amid a firming trend in other Asian markets following overnight gains in the US mainly influenced the trading sentiment.

However, participants adopted a cautious approach ahead of the RBI`s scheduled review of the monetary policy later today, they said.

Meanwhile, in the Asian region, Japan`s Nikkei was up by 1.74 per cent and Hong Kong`s Hang Seng index by 2.21 per cent in morning trade today. The Dow Jones Industrial Average ended 1.66 per cent higher in yesterday`s trade.

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