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Sensex up 128 points, rupee up 8 paise in early trade

BSE

BSE Sensex surged nearly 128 points when rupee today appreciated by 8 paise to 62.29 in early trade

SensexMumbai: The benchmark BSE Sensex surged nearly 128 points in early trade today, extending gains for the fourth straight session, on sustained buying by funds amid a firm trend on other Asian bourses.

The 30-share index, which had gained 101.48 points in the previous three sessions rose further by 127.87 points, or 0.63 per cent, to 20,438.61, with stocks of healthcare, realty and metal sectors leading the rise.

All the sectoral indices were trading in the positive zone with gains up to 1.18 per cent.

The National Stock Exchange index Nifty gained 34.40 points, or 0.57 per cent, to 6,070.70.

Marketmen said sustained buying by funds amid a firming trend in other Asian bourses, following overnight gains on the US markets ahead of the release of crucial jobs data, influenced the trading sentiment here.

In Asia, Hong Kong’s Hang Seng rose by 0.35 per cent, while Japan’s Nikkei was up by 1.64 per cent in early trade.

The US Dow Jones Industrial Average ended 1.22 per cent higher in yesterday’s trade.

Rupee up 8 paise Vs dollar in early trade

The rupee today appreciated by 8 paise to 62.29 in early trade at the Interbank Foreign Exchange today on increased dollar selling by exporters and some banks amid sustained capital inflows.

A higher opening in the domestic equity market also supported the rupee, but dollar’s strength against other currencies overseas ahead of US jobs data, capped the gains, forex dealers said.

The rupee had gained 20 paise to close at a two-week high of 62.37 yesterday on positive trends in local equities.

Meanwhile, the benchmark BSE Sensex recovered by 127.87 points, or 0.63 per cent, to 20,438.61 in early trade today.

PTI

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