Sensex opens on a positive note

October 23, 2012 09:51

The BSE benchmark Sensex rose marginally by 10 points in the opening trade in on selective buying by funds and retailers.

The 30-share barometer, which had gained 111.13 points in the previous session, rose by 10.41 points, or 0.05 per cent, to 18,803.85.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 1.25 points, or 0.02 per cent, to 5,718.40.

Brokers said continued buying, though selective, by funds and retail investors, helped Sensex to trade in the positive territory.

They, however, said participants preferred to adopt a cautious approach on a weak trend in Asian markets and Wednesday's holiday at the domestic bourses.

Meanwhile, in the Asia, Japan's Nikkei fell by 0.35 per cent, while Hong Kong's financial markets are closed.

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