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Sensex up 42 points, rupee down 17 paise in early trade

BSE

The benchmark BSE Sensex today rose over 42 points,  rupee weakened by 17 paise to 62.24 against the dollar in early trade

SensexMumbai: The benchmark BSE Sensex today rose over 42 points in early trade, extending yesterday’s gains on sustained buying by funds and retail investors amid a mixed trend overseas.

The 30-share index, which had gained 36.14 points in the previous session, rose further by 42.10 points, or 0.20 per cent, with consumer durables, power, PSU and realty sector stocks leading the rally.

Similarly, broad-based National Stock Exchange index Nifty edged higher by 9.55 points, or 0.15 per cent, to 6,184.15.

Brokers said selective buying by participants and a mixed trend at other Asian bourses influenced the trading sentiment.

In the Asian region, Hong Kong’s Hang Seng Index was up by 0.05 per cent, while Japan’s Nikkei Index fell 1.28 per cent in the morning trade today.

The US Dow Jones Industrial Average fell 0.41 per cent in yesterday’s trade.

Rupee down 17 paise against dollar in early trade

The rupee today weakened by 17 paise to 62.24 against the dollar in early trade at the Interbank Foreign Exchange market due to demand for the US currency from importers.

Forex dealers said besides dollar’s gains against other currencies overseas, increased demand from importers for the greenback also put pressure on the rupee.

They said, however, a higher opening of the domestic equity market capped the fall.

The domestic unit had gained 23 paise to one-week high of 62.07 against the dollar yesterday, amid a modest recovery in local stocks.

Meanwhile, the benchmark BSE Sensex rose by 42.10 points, or 0.20 per cent, to 20,771.48 in early trade today.

PTI

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