English | मराठी 
    
|

Sensex up 108 points; rupee falls 14 paise in early trade

BSE

Sensex raised over 108 points and rupee weakened by 14 paise to 60.31 against the US dollar in early trade today

SensexSenseMumbai: The benchmark BSE Sensex raised over 108 points in early trade today, following gains in IT stocks, after Infosys reported a better-than-expected rise of 24.9 per cent in Q4 net profit at Rs 2,992 crore.

However, disappointing IIP numbers released after market hours on Friday limited the gain.

Besides, a mixed trend in the other Asian markets also influenced the trading sentiment here.

The 30-share index rose by 108.35 points, or 0.47 per cent, to 22,737.31, with stocks of IT, tech, metals, healthcare and realty sectors leading the rise. The gauge had lost 86.37 points in the previous session on Friday. Markets remained closed yesterday for ‘Ambedkar Jayanti’.

Similarly, the National Stock Exchange index Nifty edged higher by 12.45 points, or 0.18 per cent, to 6,788.75.

Shares of Infosys rallied by 3.31 per cent to Rs 3,343 in early trade.

Other IT stocks which also gained were TCS (up 1.01 per cent) to Rs 2,185.55 and Wipro (up 1.03 per cent) to Rs 573.80.

Among other Asian markets, Japan’s Nikkei gained 1.14 per cent while Hong Kong’s Hang Seng shed 0.14 per cent in morning trade today.

The US Dow Jones Industrial Average ended 0.91 per cent higher in yesterday’s trade.

Rupee falls 14 paise against US dollar in early trade

The rupee weakened by 14 paise to 60.31 against the US dollar in early trade at the Interbank Foreign Exchange market today on disappointing IIP numbers.

Forex dealers said dollar’s gains against other currencies overseas and increased demand for the American unit from importers also weighed on the rupee but a higher opening of the domestic equity market capped the fall.

Industrial production data, which was released after market hours on Friday, had once again slipped into the negative territory and contracted 1.9 per cent in February due to poor performance in manufacturing, especially capital goods.

The rupee had lost 10 paise to close at 60.17 against the US currency on Friday. Forex and money markets remained closed yesterday for “Ambedkdar Jayanti”.

Meanwhile, the benchmark BSE Sensex rose 108.35 points, or 0.47 per cent, to 22,737.31 in early trade today.

PTI

Leave a Reply

*