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Indian equities open firm on all-round buying

Posted by on March 24, 2011 0 Comment

Mumbai, March 24 (IANS) Indian equities opened higher Thursday continuing with the rally the day earlier that had seen a key index rise 1.2 percent with active all-round buying, especially in banking, realty and metals counters.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,286.42 points, against the previous day’s close at 18,206.16 points, and soon shot up to 18,325.48 points.

Some 30 minutes into trading, the index was ruling at 18,325.29 points, with a gain of 119.13 points, or 0.65 percent. All the 13 sector-specific indices of the exchange were in the green.

Among the 30 Sensex stocks, only one — Tata Power — was in the red.

At the National Stock Exchange (NSE), the situation was quite similar with the broader 50-share S&P CNX Nifty ruling at 5,520.20 points, with a gain of 39.95 points, or 0.73 percent, over the previous close, data with the bourse showed.

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