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Sensex up 38 points; rupee down 3 paise in early trade

BSE

Benchmark BSE Sensex rose over 38 points where rupee today fell marginally by 3 paise to 60.10 against the dollar in early trade today

SensexMumbai: Extending yesterday’s gains, the benchmark BSE Sensex rose over 38 points in early trade today on selective buying by investors amid a mixed trend on other Asian bourses.

The 30-share index, which had gained 20.14 points in yesterday’s volatile session, rose further by 38.72 points, or 0.17 per cent, to 22,382.76 with stocks of power, banking, IT, realty, metals and FMCG sectors moving up.

The National Stock Exchange index Nifty also moved up by 6.40 points, or 0.10 per cent, to 6,666.25.

Brokers said buying was selective as participants preferred to adopt a cautious approach ahead of the results of the Lok Sabha elections.

A mixed trend at other Asian markets influenced the trading sentiment here, they added.

In Asia, Hong Kong’s Hang Seng index fell by 0.37 per cent, while Japan’s Nikkei gained 0.59 per cent in early trade.

The US Dow Jones Industrial Average ended 0.20 per cent higher in yesterday’s trade.

Rupee down 3 paise against dollar in early trade

The rupee today fell marginally by 3 paise to 60.10 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

Dealers attributed the domestic currency’s fall to dollar gains against other currencies overseas, but a higher opening in the domestic equity market capped rupee’s losses.

The rupee had gained 6 paise to close at 60.07 against the dollar in yesterday’s trade on fresh selling of the American currency by banks and exporters in view of strong capital inflows.

Meanwhile, the benchmark BSE Sensex was up by 38.72 points, or 0.17 per cent, at 22,382.76 in early trade today.

PTI

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