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Sensex stays on upward curve, rises 91 points


Mumbai:  The benchmark BSE Sensex, maintaining its momentum, rose over 91 points in early trade today on the back of gains in consumer durables, IT, healthcare, capital goods and oil and gas on persistent foreign fund inflows.

This came amid a mixed trend in other Asian markets.

The 30-share barometer gained 91.32 points, or 0.32 per cent, to 28,314.40 in early trade.

On similar lines, the NSE Nifty went up 22.55 points, or 0.26 per cent, to 8,590.50.

Brokers said sustained buying by funds and retail investors on better-than-expected earnings by blue-chips and Asian stocks tracking gains in US markets following mixed economic data influenced sentiment.

Siemens jumped 3.98 per cent to Rs 1,555 after the company yesterday posted a 12-fold surge in stand-alone net profit at Rs 168.25 crore for the June quarter.

But Nestle India plunged 4.79 per cent to Rs 6,505 after food regulator FSSAI yesterday trashed all-clear reports from two of its empaneled labs to Maggi noodles, citing lapses.

Among other Asian indices, Japan’s Nikkei rose 0.78 per cent while Hong Kong’s Hang Seng gave up 0.49 per cent in early trade today.

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