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Sensex up 123 points, rupee up 4 paise in early trade

BSE

Rupee strengthened by four paise to 61.81 against the US dollar where BSE index Sensex rose by 123.47 points, or 0.57 per cent, to 21,333.20 in early trade

SensexMumbai:The benchmark BSE Sensex today rose over 123 points in early trade, extending gains for the second straight session, on sustained buying by funds amid a firm trend in global markets on signs of easing tensions between Russia and Ukraine.

The 30-share index, which had rallied 263.08 points yesterday, rose further by 123.47 points, or 0.57 per cent, to 21,333.20 in morning trade with all the sectoral indices led by realty, IT and metals trading in the positive zone with gains up to 0.93 per cent.

The wide-based Nifty of the National Stock Exchange moved up by 33.40 points, or 0.53 per cent, to 6,331.35.

Brokers said continued buying by foreign funds and retail investors largely in tandem with a firming trend on other Asian bourses, following overnight gains on Wall Street after Ukraine tensions eased, mainly buoyed the sentiment here.

In other Asian markets, Hong Kong’s Hang Seng rose by 0.17 per cent, while Japan’s Nikkei by 1.50 per cent in early trade today.

The US Dow Jones Industrial Average gained 1.41 per cent in yesterday’s trade.

Rupee up 4 paise against dollar in early trade

The rupee today strengthened by four paise to 61.81 against the US dollar in early trade at the Interbank Foreign Exchange on fresh selling of the American currency by exporters amid sustained foreign capital inflows.

Besides a higher opening in the domestic equity market, reports of easing geopolitical tension between Russia and Ukraine also boosted the sentiment, forex dealers said.

They said, however, dollar’s gain against other currencies overseas capped the rupee’s rise.

The rupee had gained 19 paise to close at 61.85 against the dollar yesterday.

Meanwhile, the benchmark BSE index Sensex rose by 123.47 points, or 0.57 per cent, to 21,333.20 in early trade today.

PTI

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