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Fresh buying activity pushes Sensex up 90 points to 4825 level; Nifty at 1420

The Bombay Stock Exchange opened on a firm note on Wednesday morning. Buying was firm on speculating and institutional activity.

The BSE Sensex opened higher and at 1240 hours IST, was hovering in the 4800 level. It touched 4825, up nearly 90 points or 1.90 per cent over Tuesday's close.

Commodities were in the limelight. The cement industry shares were in demand, in anticipation of higher sales in the second quarter. Gujarat Ambuja hit the upper limit (Rs 548.60) before retreating on profit-booking. Torrent Pharma, Lupin Labs and Global Trust Bank too hit the upper limit. Infosys Technologies was being traded at the Rs 7,500 level. Reliance Industries was at Rs 235.25, a new high.

Software and pharma stocks continued to fare well. Click here for the BSE closing report.

At the National Stock Exchange, the S&P CNX Nifty was up nearly 40 points or 2.89 per cent to 1419.30 from 1379 closing of Tuesday. Click here for the NSE closing report.

At the inter-bank foreign exchange market, the rupee was being traded at 43.58 to a US dollar, down one paisa from Tuesday's level. Banks in India will remain closed on Thursday for half-yearly accounts closure. Click here for the forex closing report.

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