Sensex rises after weak start, up 89 points

A benchmark index for Indian equities moved up into the green after a weak start today and was ruling 89 points higher than its previous close, about an hour into trade. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,760.6 points, was ruling at 16,870.5 points, 89.43 points or 0.53 percent up from its previous close at 16,781.07 points. At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,063.5 points, up 0.59 percent from its previous close. Broader markets indices were also in the positive, with the BSE midcap index ruling 1.15 percent higher and the BSE smallcap index 1.17 percent up.