Sensex up 41 points, rupee down 8 paise in early trade
The benchmark BSE Sensex today rose over 41 points where rupee lost 8 paise to 62.02 against the US dollar in early trade
Mumbai: Continuing its winning streak for the fourth session, the benchmark BSE Sensex today rose over 41 points in early trade on sustained buying by funds and retail investors ahead of monthly expiry in the derivatives segment.
The 30-share barometer, which had gained nearly 316 points in the past three sessions, moved up by another 41.18 points, or 0.20 per cent, to 20,893.65 with power, banking, consumer durables, healthcare and capital goods sectors leading the rise.
Also, the wide-based National Stock Exchange index Nifty gained 5.95 points, or 0.10 per cent, to 6,206.00.
Brokers said sustained foreign funds inflow and covering up of pending short positions by speculators as today being the last session of monthly expiry in the derivatives segment influenced the trading sentiment.
They said, however, absence of positive cues from other Asian bourses limited the gains on the domestic bourses.
In the Asian region, Japan’s Nikkei Index fell 0.13 per cent, while Hong Kong’s Hang Seng index was trading 0.18 per cent higher in early trade.
The US Dow Jones Industrial Average ended 0.17 per cent down in yesterday’s trade.
Rupee down 8 paise against dollar in early trade
Breaking a three-day winning run, the rupee today lost 8 paise to 62.02 against the US dollar in early trade on the Interbank Foreign Exchange market due to appreciation of the US currency overseas.
Forex dealers said apart from month-end demand for the American currency from importers, dollar gaining against other currencies overseas also put pressure on the local unit, but a higher opening in the domestic equity market capped the fall.
The domestic currency had gained 13 paise to close at one-week high of 61.97 against the dollar yesterday amid positive stock markets and signs of continued capital inflows.
Meanwhile, the benchmark BSE Sensex was up 41.18 points, or 0.20 per cent, to 20,893.65 in early trade today.