Sensex opens higher by 166 points on firm global cues

The Bombay Stock Exchange benchmark Sensex on Wednesday gained 166 points in early trade on buying in metal, realty and auto stocks by funds, triggered by firm global cues.

The Bombay Stock Exchange benchmark Sensex on Wednesday gained 166 points in early trade on buying in metal, realty and auto stocks by funds, triggered by firm global cues.

The 30-share index rose by 166.67 points to 16,330.11 points in the first five minutes of trade. The BSE barometer had lost 192.59 points in the previous trading session. The wide-based National Stock Exchange index Nifty also moved up by 51.85 points to 4,881.95 points.

Brokers said revival of buying by funds on better global trend pushed up the Sensex. The US markets closed higher by 1.09 per cent last night after better-than-expected results by delivery giant UPS, an economic bellwether, chemicals major Dow Chemical and builder DR Horton.

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