The BSE benchmark Sensex was up by 155 points at 10.15 a.m. on Friday on the back of the decision by global central banks to boost dollar liquidity in Europe to ease concerns about the prospects of another funding crisis.
The BSE benchmark Sensex resumed higher at 17,047.73 and shot up further to 17,073.80 before quoting at 17,031.15 at 10.15 a.m., showing a net rise of 154.61 points, or 0.92 per cent, from its last close.
All the sectoral indices on the BSE were trading in the green. Public sector oil marketing companies rose after they raised petrol prices by Rs. 3.14 per litre, or about 5 per cent, from midnight on Thursday.
The NSE’s 50-share Nifty Index also moved up by 40.80 points, or 0.80 per cent, to 5,116.50 at 10.15 a.m.
Asian stocks surged in early trade after news of global central banks’ plans to boost dollar liquidity in Europe helped alleviate concerns about the prospects of another funding crisis.
The key benchmark indices in China, Hong Kong, Indonesia, Singapore, Japan, South Korea and Taiwan were up by between 0.42 per cent and 3.40 per cent in early trade.
