Sensex rises 151 pts in early trade on positive Asian cues
Mumbai: The benchmark BSE Sensex gained over 151 points in early trade today on value-based buying by investors amid positive cues from other Asian markets.
The 30-share index, which had lost 1,368.40 points in the previous five sessions, recovered by 151.62 points, or 0.54 per cent, at 27,827.66 as buying in stocks of realty, banking, capital goods, oil & gas, healthcare, FMCG and auto sectors, positively impacted the trading sentiments.
Also, the National Stock Exchange index Nifty regained the 8,400-mark by rising 45.45 points, or 0.54 per cent, at 8,423.20.
Brokers said value-based buying in bluechips after recent losses amid a firming trend in other Asian markets, helped the domestic trading sentiments.
Besides, recovery in the rupee and data showing foreign funds made heavy purchases on the bourses in yesterday’s trade, triggered buying by investors, they added.
Meanwhile, the rupee was trading seven paise higher at 62.78 against the dollar in early trade today.
Among other Asian markets, Hong Kong’s Hang Seng was up by 0.54 per cent while Japan’s Nikkei gained 1.08 per cent in early trade.
The US Dow Jones Industrial Average, however, ended 0.47 per cent lower in yesterday’s trade.