Sensex goes up 161 pts in opening trade, positive global cues

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Also, the NSE Nifty gained 45.60 points, or 0.52 per cent, to 8,786.55.

Brokers said that sustained buying by investors on hopes of a rate cut by the Reserve Bank of India at its policy meet scheduled on Wednesday, and increased inflows by foreign funds bolstered trading sentiments.

A firming trend in Asia tracking weekend gains at Wall Street, fuelled by a better-than-expected jump in US jobs, too accelerated buying activity on the domestic bourses here.

Japan’s Nikkei was up 0.30 per cent while Hong Kong’s Hang Seng rose 0.68 per cent in early trade today. Shanghai Composite was quoting 0.45 per cent higher.

The US Dow Jones Industrial Average ended 0.94 per cent higher in Friday’s trade.

(Sourced from agencies, feature image courtesy: pinteresst.com)

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