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Sensex gains 62 points up, rupee up 17 paise in early trade

BSE

Benchmark BSE index Sensex extended gains for the second straight day by adding nearly 62 points when rupee rose by 17 paise to 61.45 against the US dollar in early trade today 

Sensex

Mumbai: The benchmark BSE index Sensex extended gains for the second straight day by adding nearly 62 points in early trade today on increased buying by funds and retail investors amid a firming Asian trend.

The 30-share barometer, which had gained 141.43 points in the previous session rose further by 61.95 points, or 0.29 per cent, to 21,267 with banking, metal and capital goods sectors stocks leading the rise.

The National Stock Exchange index Nifty moved up by 19.50 points, or 0.31 per cent, to 6322.80.

Brokers said increased buying by funds as well as retail investors on positive cues from other Asian bourses mainly boosted the trading sentiments here.

Among other Asian markets, Hong Kong’s Hang Seng rose by 0.49 per cent while Japan’s Nikkei by 1.48 per cent in early trade today.

Rupee up 17 paise against dollar in early trade

The rupee rose by 17 paise to 61.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters amid sustained foreign capital inflows.

Forex dealers said a higher opening in the domestic equity market also supported the rupee.

The rupee had lost eight paise to close at 61.62 against the dollar in yesterday’s trade.

Meanwhile, the benchmark BSE index Sensex rose by 61.95 points, or 0.29 per cent, to 21,267 in early trade today.

PTI

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