Sensex gains 97 points, rupee up 12 paise in early trade
BSE Sensex rose nearly 97 points and rupee strengthened by 12 paise to 61.95 against the US dollar in early trade
Continuing its rising streak for the third straight session, the 30-share index rose by 96.90 points, or 0.47 per cent, to 20,908.34. The index had gained nearly 275 points in the previous two sessions.
All the sectoral indices led by banking and consumer durables were trading in positive zone with gains up to 0.63 per cent.
The wide-based Nifty of the National Stock Exchange regained 6,200 level by rising 24.60 points, or 0.40 per cent, to 6,210.70.
Brokers said continued buying by funds and retail investors, tracking a firming trend on the other Asian bourses following overnight gains on Wall Street, influenced the trading sentiment here.
Besides, covering-up of short positions by speculative in view of tomorrow’s monthly expiry in the derivatives segment also supported the upside in select stocks, they said.
In the Asian region, Hong Kong’s Hang Seng Index rose by 0.49 per cent, while Japan’s Nikkei was higher by 1.35 per cent in the morning trade today. The US Dow Jones Industrial Average gained 0.64 per cent in yesterday’s trade.
Rupee up 12 paise against dollar in early trade
Extending its gains for the third day, the rupee today strengthened by 12 paise to 61.95 against the US dollar in early trade on the Interbank Foreign Exchange market on increased foreign fund inflows amid a higher opening in the domestic equity market.
Forex dealers said euro’s gains against the US dollar in the overseas market also supported the rupee.
The domestic currency had gained five paise to close at 62.07 in yesterday’s trade amid a rise in stock markets.
Meanwhile, the 30-share BSE Sensex rose 96.90 points, or 0.47 per cent, to 20,908.34 in the early trade today.