Sensex extends gains, up 1.1 percent

Mumbai, May 28 (IANS) A benchmark index for Indian equities extended its gains in afternoon trade Friday, rising 1.1 percent from its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,692.66 points, was ruling at 16,850.01 points, 183.61 points or 1.1 percent up from its previous close at 16,666.4 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,061.1 points, up 1.16 percent from its previous close at 5,003.1 points.

Broader markets too saw good buying, with the BSE midcap index ruling 1.62 percent up and the BSE smallcap index 1.44 percent higher.

European markets too started off well, with key indices trading over 0.5 percent.

Britain’s key index the FTSE 100 was ruling 0.69 percent higher at 5,231.12 points and its French peer the CAC 40 was up 0.64 percent at 3,548.01 points. The German DAX too was trading in the positive at 5,975.49 points, up 0.65 percent.