Mumbai, September 13:
Tiding over previous day's losses, the benchmark Sensex on Thursday rose by 121 points in the morning trade on the back of sustained FII inflows amid possibility of a rate cut by the US Federal Reserve.
The BSE 30-share barometer opened firm at 15,547.66 and later rallied to a high of 15,626.05 at 10.30 am, up 120.69 points over Wednesday’s close of 15,505.36.
Similarly, the broad-based S&P CNX Nifty of the National Stock Exchange (NSE) gained 34.20 points to touch 4,531.05 at 10.30 am from previous close of 4,496.85.
Country's largest private sector company, Reliance Industries (RIL) touched a new peak of Rs 2,034.40 on Thursday morning following the government's approval to the company's price formula for natural gas it plans to produce from its KG fields, with minor changes.
SBI, HDFC, HDFC Bank, L&T, Bajaj Auto, Infosys Tech and ONGC were also quoted higher.
Foreign Institutional Investors (FIIs) were net buyers to the tune of Rs 318 crore (provisional) on September 12.
Asian markets showed steady trend during morning trade.
