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Sensex up 105 points, Rupee up 9 paise in early trade

BSE

The benchmark BSE Sensex rose over 105 points in early trade on Friday as stocks of consumer durables, IT, auto and capital goods sectors

SensexMumbai: The benchmark BSE Sensex rose over 105 points in early trade on Friday as stocks of consumer durables, IT, auto and capital goods sectors led the recovery on emergence of buying by funds and retailers amid a firming Asian trend.

The 30-share barometer gained 105.36 points, or 0.51 per cent, to 20,642.00. The index had lost 186.33 points in the previous session.

On similar lines, the National Stock Exchange Nifty moved up by 32.35 points, or 0.53 per cent, to 6,123.80.

Brokers said fresh buying by funds and retailers driven by a firming trend in the Asian region following overnight gains in the U.S. markets helped trading sentiment to improve.

Meanwhile, among other Asian markets, Hong Kong’s Hang Seng index rose by 0.93 per cent, while Japan’s Nikkei was up by 2.02 per cent in the early trade.

The U.S. Dow Jones Industrial Average ended 0.58 per cent higher in yesterday’s trade.

Rupee up 9 paise against dollar in early trade

The rupee recovered by nine paise to 62.14 against the dollar in early trade on Friday at the Interbank Foreign Exchange market on increased selling of the U.S. currency by exporters.

The local currency had lost three paise to close at 62.23 per dollar on Thursday due to late demand for the American currency from importers and weakness in local equities.

Forex dealers said besides increased dollar selling by exporters, a higher opening of the domestic equity market helped rupee to trade a shade higher but the U.S. currency’s strength against other currencies overseas capped the gains to some extent.

Meanwhile, the benchmark BSE Sensex rose by 105.36 points, or 0.51 per cent, to 20,642.00 in early trade on Friday.

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