Opening Bell: Sensex gains 146 points on global cues

Market benchmark Sensex gained over 146 points in opening trade on Monday and reclaimed the 35,000 mark on fresh buying by domestic institutional investors.

The 30-share Sensex rose by 146.18 points, or 0.41 per cent, to 35,061.56 in early morning trade. The broad-based NSE Nifty too rose by 41.55 points or 0.39 per cent to 10,659.80.

All the indices, including consumer durables, IT, tech, realty and banking were trading in the green with gains of up to 1.56 per cent.

Asian markets were also trading in the green as weaker-than-expected US wage growth helped calm investor fears about rising interest rates and inflation.

Meanwhile, domestic institutional investors bought shares worth a net Rs 1,084.09 crore, while foreign portfolio investors sold shares worth Rs 1,628.23 crore on Friday, provisional data showed.

In the Asian region, Hong Kong’s Hang Seng was up 0.52 per cent and Shanghai Composite Index rose 1.06 per cent, while Japan’s Nikkei shed 0.45 per cent in early trade. The US Dow Jones Industrial Average ended 1.39 per cent higher in Friday’s trade.

(With inputs from agencies)