The S&P BSE Sensex opened on a positive note led by gains
in capital goods, oil & gas and power sectors after two days of profit
booking.
Shares of India's Larsen & Toubro surged 4.5 percent in
pre-open trading after the company's fourth-quarter profit beat analyst
forecasts with a rise of 69 percent, helped by a steep gain in revenue from its
infrastructure and heavy engineering businesses, and gain from a divestment.
The S&P BSE Sensex was up 92.39 points or 0.38% to
24,309.73. The index rose 170.81 points at the day's high of 24,388.15 in early
trade. The index gained 52.86 points at the day's low of 24,270.20 in early
trade.
The market breadth, indicating the overall health of the
market, was strong. On BSE, 971 shares rose and 367 shares fell. A total of 44
shares were unchanged.
ONGC (up 1.59%), GAIL (India) (up 1.15%) and Bajaj Auto (up
1.81%) edged higher from the Sensex pack.
Most Asian markets are shut on today on account of public
holiday. Japan's Nikkei 225 surged 2.09 per cent and Seoul Composite moved 0.22
per cent higher.
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