The Bombay Stock Exchange benchmark Sensex on Monday rose by about 57 points in opening trade on higher investment by foreign funds amid firm Asian cues.
The 30-share BSE index, Sensex, which had closed on a positive on Friday as well, gained 56.76 points at 16,867.57 in the opening trade with stocks of IT, healthcare and FMCG sectors leading the rally. The BSE barometer had gained 21.07 points in the previous session on October 23.
The wide-based National Stock Exchange index Nifty also gained 19.05 points to trade higher at 5,016.10.
Stock brokers said pick up in buying by foreign funds, bolstered by the firm trend in other Asian markets, influenced the trading sentiments on the domestic bourses here.
Major gainers in the opening trade were Infosys Technologies up by 0.57 per cent to Rs 2,273.15, Wipro by 0.15 per cent to Rs 589.90, Tata Steel by 0.18 per cent to Rs 532, Tata Power by 1.19 per cent to Rs 1,478.50, HDFC Ltd by 1.52 per cent to Rs 2,762 and ITC Ltd by 1.29 per cent to Rs 263.20.
Meanwhile, Hong Kong’s index Hang Seng was up 1.75 per cent, while Japan’s Nikkei rose by 0.70 per cent higher in the morning trade.