Business Friday, May 16, 2008

Indian equities markets open with an upswing

From correspondents in India, 11:00 AM IST

Indian equities markets opened in the green zone Friday, taking off from the positive close overnight and mirroring strong cues from global markets.

The 30-share benchmark sensitive index of the Bombay Stock Exchange, the Sensex, opened with a gain of 122.87 points at 17,476.41.

All sectoral indices on the BSE barring FMCG were in the green.

The S and amp;P Nifty index of the National Stock Exchange opened with a marginal gain, but above the 5,000-point mark, at 5,115.65 with a gain of 0.4 percent. Within minutes it climbed to 5,143.90.

Other Asian markets were also going strong.

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