Nifty up 11 points; rupee down 8 paise in early trade
Nifty rose 11 points where rupee weakened by eight paise to trade at 59.37 against the US dollar in early trade today
The data for Sensex was not available due to a technical glitch at the Bombay Stock Exchange.
The 50-issue NSE Nifty rose 11.00 points, or 0.15 per cent, to 7,667.40.
Brokers said continued buying by foreign funds amid a mixed trend at other Asian bourses influenced the trading sentiments here.
Meanwhile, the BSE Sensex closed at an all-time high of 25,583.69 in yesterday’s trade after hitting intra-day high of 25,711.11. The gauge had rallied by 778.48 points in the past four sessions.
Among other Asian markets, Hong Kong’s Hang Seng was down 0.39 per cent per cent while Japan’s Nikkei rose 0.28 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.02 per cent higher in yesterday’s trade.
Rupee down 8 paise against dollar in early trade
The rupee weakened by eight paise to trade at 59.37 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.
Forex dealers said the dollar’s gain against the euro overseas also put pressure on the rupee.
However, a higher opening at the domestic equity market limited the fall, they added.
The rupee had lost nine paise to close at 59.29 against the dollar yesterday on sustained demand for the US currency from importers.