Indian shares open higher on bargain hunting, firm Asian markets |
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Thu, 21 Jun 2007 06:25
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MUMBAI (Thomson Financial) - Indian shares opened slightly higher on bargain hunting in certain select shares and firm Asian markets, dealers said.At 0426 GMT, the Bombay Stock Exchange's 30-scrip Sensex was at 14,480.19, up 68.24 points, or 0.47 pct, from its previous close. The National Stock Exchange's S&P CNX Nifty was at 4,260.75, up 0.28 pct.In the BSE-30, 25 stocks climbed up, while 5 were down.Most Asian markets were higher today. Japanese shares rose, on bargain-hunting and a softer yen while Hong Kong shares were higher in early trade after China expanded its qualified domestic institutional investor scheme to allow more investments overseas.Banking shares continued to shine with State Bank of India, HDFC Bank gaining 0.98 pct and 0.97 pct to 1,439.15 rupees and 1,110.00 rupees, respectively.Ranbaxy Laboratories Ltd gained 1.18 pct at 2,055.00 rupees on news that the company has obtained tentative approval from the US Food and Drug Administration to manufacture and market hypertension treatment drug Amlodipine Besylate.TFN.newsdesk@thomson.comami/akuCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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China B-shares end morning higher; tracking A-share gains - UPDATE 