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Wednesday, January 11, 2012

Sensex Gains 57 Pts In Opening Trade On Firm Asian Cues

The BSE Sensex rose by over 57 points in opening trade today, extending yesterday’s rally on sustained buying after Moody’s upgraded its rating of the country’s short-term foreign currency bank deposits to investment grade amid hopes of a rate cut by the RBI.

In addition, a firming trend on other Asian bourses supported the upside in stock prices here.

The 30-share benchmark index, which gained over 350 points in yesterday’s trade, rose further by 57.28 points, or 0.30 per cent, to 16,222.37 in opening trade today.

From: http://ping.fm/gUnUx

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