Sensex at fresh record high of 22,769; Nifty holds 6,800 level
BSE Sensex climbed to a new record high of 22,769.20; rupee declined by 11 paise to 60.25 against the US dollar in early trade today
The 30-share index, which had gained 358.89 points in the previous session, rose further by 66.86 points, or 0.29 per cent, to 22,769.20 points.
The wide-based Nifty of the National Stock Exchange moved up by 14.40 points, or 0.21 per cent, to 6,810.60.
Brokers said continued buying by funds as well as retail investors, tracking a firming trend on the other Asian bourses, mainly buoyed the trading sentiment.
They said the rally was led by stocks of realty, auto, power, oil and gas, capital goods and health care sectors.
Among Asian markets, Hong Kong’s Hang Seng index rose by 0.47 per cent, while Japan’s Nikkei moved up by 0.69 per cent in early trade today.
Rupee down 11 paise against dollar in early trade
The rupee declined by 11 paise to 60.25 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.
Besides, fresh demand for the US dollar from importers also put pressure on the rupee.
The local unit had lost 3 paise lower at 60.14 against the dollar yesterday due to late demand for the US currency from importers.
Dealers attributed the fall in the rupee today to dollar’s gains against other currencies overseas but a higher opening in the domestic equity market capped the fall.
Meanwhile, the benchmark BSE Sensex rose by 66.86 points, or 0.29 per cent, to 22,769.20 in early trade today.