Business | Updated Jan 04, 2008 at 03:52pm IST

Sensex up 46 points on funds buying

ibnlive.com

New Delhi: Continuing its upward march, the markets on Wednesday opened on modestly positive note.

Though Asian markets open flat on Wednesday, broad based buying was seen in the opening trade in BSE. Market breadth was also impressive.

Bombay Stock Exchange gained over 46 points in early trading on sustained buying by funds.

The 30-share index, Sensex, which had been on a rising spree this week, added another 46.92 points to reach 14500.64, during the first minutes of trading.

Similarly, the National Stock Exchange, Nifty, added 13.30 points to set a new peak at 4191.40 points.

The rally was lead by shares of Reliance Inds, Tata Steel and Infosys.

Asian markets opened on flat note with Japan's Nikkei gained 0.41 per cent or 71.69 points at 17,751.74.

Similarly, Taiwan's Taiwan Weighted rose 0.54 per cent or 43.94 points at 8,232.57, Singapore's Straits Times was up 0.09 per cent or 3.27 points at 3,543.09 and South Korea's Seoul Composite advanced 0.15 per cent or 2.47 points at 1,645.35.

However, Hong Kong's Hang Seng plunged 0.12 per cent or 25.64 points at 20,818.28.

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