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Updated: September 15, 2009 10:31 IST

Sensex rises 114 points in opening trade on global cues

PTI
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The Bombay Stock Exchange benchmark index Sensex recovered by 114 points in opening trade on Tuesday after Monday’s fall on buying by fund and retail investors driven by firming trend in global markets.

The 30-share BSE Sensex rose by 114.75 points or 0.70 per cent to 16,328.94 points. The BSE barometer had lost over 50 points in Monday’s trade.

The wide-based National Stock Exchange index Nifty rose by 41.65 points or 0.86 per cent to 4,850.25 points.

Brokers said buying activity in the domestic markets picked up momentum largely on the back of firming trend at other global equity markets, which were up by almost 0.54 per cent in morning trade, buoyed by overnight gains in the U.S. markets.

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