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Sensex up 143 pts in opening trade

Mumbai: The Sensex rose by over 143 points in opening trade on the Bombay Stock Exchange today amid a firming trend on Asian bourses and easing political concerns.

The Sensex, which gained 216.98 points in the previous session, moved up by 143.65 points, or 0.77 per cent, to 18,583.30 in opening trade today, with banking, realty, metal and capital goods sector stocks leading the rise.

Similarly, the broad-based National Stock Exchange Nifty index gained 42.50 points, or 0.76 per cent, to 5,563.30 points.

A firming trend on other Asian bourses following overnight gains in the US market and easing political concerns after the DMK and Congress agreed on a seat-sharing formula for the Tamil Nadu Assembly elections buoyed the trading sentiment, brokers said.

In addition, easing crude oil prices in the global market also supported early gains on the bourses, they said.

In the Asia region, Hong Kong`s Hang Seng index was up by 0.91 per cent and Japan`s Nikkei index by 0.78 per cent in early trade today.

The US Dow Jones Industrial Average ended 1.03 per cent higher in yesterday`s trade.

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