Sensex surges 145 points, rupee up 32 paise in early trade
The benchmark BSE Sensex gained over 145 points when and rupee appreciated by 32 paise to 62.19 against the US dollar in early trade today
The 30-share barometer, which had lost over 690 points in the previous three sessions, recovered by 145.17 points, or 0.70 per cent, to 20,828.68.
All the sectoral indices led by auto, banking and realty, were trading in positive zone with gains up to 1.32 per cent.
Brokers said fresh round of buying by participants driven by better-than-expected Q3 earnings by NTPC and Bharti Airtel and a firming trend in the Asian region following overnight gains on the US markets buoyed the trading sentiments here.
Stocks of country’s largest thermal power producer NTPC gained 0.74 per cent at Rs 129.785 after company posted over 10 per cent rise in its net profit for the third quarter ended December 31, 2013, and announced that it will pay an interim dividend of nearly Rs 2,500 crore to the government.
Shares of Bharti Airtel climbed 2.51 per cent to Rs 314 after company’s third quarter net profit jumped 115.1 per cent to Rs 610 crore.
On similar lines, the National Stock Exchange index Nifty moved up by 40.15 points, or 0.66 per cent, to 6,166.40.
Among other Asian markets, Hong Kong’s Hang Seng index rose by 0.96 per cent, while Japan’s Nikkei gained 1.74 per cent in early trade today. The US Dow Jones Industrial Average ended 0.57 per cent higher in yesterday’s trade.
Rupee up 32 paise against dollar in early trade
The rupee appreciated by 32 paise to 62.19 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency.
Besides strengthening of the euro against the dollar in overseas market, a higher opening in the domestic equity market supported the rupee, forex dealers said.
The rupee had gained 59 paise, its biggest gain in over two months, to close at 62.51 in the previous session on heavy dollar selling as emerging market currencies scripted a rebound.
The benchmark BSE Sensex rose 145.17 points, or 0.70 per cent, to 20,828.68 in early trade today.