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Updated: May 20, 2011 09:46 IST

Sensex opens 77 points higher on Asian cues

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A man walks past the Bombay Stock Exhange in this file photo.
The Hindu A man walks past the Bombay Stock Exhange in this file photo.

The BSE benchmark Sensex extended Thursday’s gains by adding another 77 points in opening trade on Friday as funds and retail investors enlarged their positions, taking cues from the firming trend on other Asian bourses.

The 30-share index of the Bombay Stock Exchange, which gained 55.20 points in the previous session, moved up further by 77.10 points to 18,218.50 in opening trade.

In a similar fashion, the broad-based National Stock Exchange Nifty index rose by 25.70 points to 5,453.80.

Brokers said besides the firming trend on other Asian bourses, easing food inflation and a decline in crude oil prices in the global market also enthused the trading sentiment.

Larsen and Toubro, the largest engineering company, continued Thursday’s rally and gathered another 3.39 per cent to Rs. 1,649 in opening trade after it posted a record profits and bagged a contract worth Rs. 1,450 crore from Gujarat State Petroleum Corporation.

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