Sensex up 114 points,Rupee recovers 11 paise in early trade
Extending yesterday’s gains, the benchmark BSE Sensex rose over 114 points in early trade on tuesday on increased
Mumbai: Extending yesterday’s gains, the benchmark BSE Sensex rose over 114 points in early trade on tuesday on increased buying by funds and retail investors mainly in oil and gas, banking, capital goods, realty and FMCG sector stocks.
The 30-share barometer gained 114.04 points, or 0.51 per cent, to 22,559.16. It had gone up by 41.23 points in the previous session.
The National Stock Exchange index Nifty was higher by 40.60 points, or 0.61 per cent, at 6,739.95 in the morning trade.
Brokers said sentiments improved as buying by funds and retail investors picked up following overnight gains on the US markets.
They said, however, absence of cues from the Asian region, after the closure of financial markets in Hong Kong and Japan for public holidays, limited the gains on the domestic bourses.
Among oil and gas stocks, Reliance Industries was trading 0.66 per cent higher at Rs 951.40, while ONGC up 1.16 per cent at Rs 339.35.
The US Dow Jones Industrial Average ended 0.11 per cent higher in yesterday’s trade.
Rupee recovers 11 paise against dollar in early trade
The rupee appreciated by 11 paise to 60.10 against the dollar in early trade today at the Interbank Foreign Exchange market on selling of the US currency by exporters amid continued capital inflows.
Forex dealers said a higher opening in the domestic equity market and strengthening of other currencies against the US dollar overseas also supported the rupee.
The rupee ended lower by five paise at 60.21 against the dollar in yesterday’s trade on fag-end demand for the US currency from banks and importers.
Meanwhile, the benchmark BSE Sensex rose by 114.04 points, or 0.51 per cent, to 22,559.16 in early trade today.