By IANS
New Delhi : Indian equities opened on a strong note Monday after the losses sustained last week, as investors sought to make fresh purchases at lower levels, especially in some heavyweight stocks.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened 253.45 higher at 18,496.03 points, and soon rose to 18,801.56 points, to register a gain of 558.98 points over the previous day’s close at 18,242.58 points.
After an hour into trading, the barometer index was ruling at 18,743.08 points with an impressive gain of 500.50 points, or 2.74 points over Friday’s close, data with the Mumbai bourse showed.
All the 30 scrips that go into the basket of Sensex shares were trading in the positive territory, led by Oil and Natural Gas Corp, Reliance Communications, Wipro, DLF and Satyam.
Both mid-cap and small indices, as well as the 13 sector-specific indices were in the positive territory. The index for state-run enterprises was up by over 4 percent, followed by 3.59 percent for the oil and gas index.