Sensex recovers 44 points, Rupee up 11 paise in early trade
The 30-share index, which had lost 244.48 points in the previous session, recovered by 44.73 points, or 0.16 per cent, to 26,861.29, with realty, healthcare, capital goods, power, infrastructure and consumer durables shares leading the recovery.
Also, the National Stock Exchange index Nifty rose 2.90 points, or 0.03 per cent, to 8,044.90.
Brokers said emergence of buying, though selective, by funds and retail investors after remaining sellers in yesterday helped trading sentiments to improve.
Major gainers which supported the Sensex were Cipla, Dr Reddy, Sun Pharma, SBI, Maruti, L&T and Hindalco Industries.
Among other Asian markets, Japan’s Nikkei fell by 0.33 per cent in early trade today, while Hong Kong’s financial markets were closed today after a typhoon warning.
The US Dow Jones Industrial Average ended 0.26 per cent higher in yesterday’s trade.
Rupee up 11 paise against dollar in early trade
The rupee recovered from over one-month low by rising 11 paise to 61.02 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the American currency by exporters and banks.
Forex dealers said besides fresh selling of the American currency by exporters and banks, a higher opening in the domestic equity markets and dollar’s weakness against other currencies overseas supported the rupee.
The Indian rupee had plunged by 48 paise, logging its biggest fall in more than five weeks, to close at over one-month low of 61.13 against the greenback yesterday following demand for the US currency from importers.
Meanwhile, the benchmark BSE Sensex rose by 44.73 points, or 0.16 per cent, to 26,861.29 in early trade today.