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Sensex up 43 points, rupee gains 18 paise in early trade

BSE

BSE Sensex rises nearly 43 points where  rupee strengthened by 18 paise to 62.10 against the US dollar in early trade today

SensexMumbai: The benchmark BSE Sensex extended gains for the fifth straight session by rising nearly 43 points in early trade today on sustained buying by funds and retail investors amid a firming Asian trend.

The 30-share barometer, which had gained 167.30 points in the previous four sessions, rose further by 42.66 points, or 0.21 per cent, to 20,419.22 with realty, metal and auto sector stocks leading the rise.

The National Stock Exchange index Nifty moved up by 12.25 points, or 0.20 per cent, to 6,075.45.

Brokers said sustained buying by funds as well as retail investors amid a firming trend on other Asian bourses mainly boosted the trading sentiment here.

Among other Asian markets, Japan’s Nikkei rose by 1.24 per cent while Hong Kong’s Hang Seng up by 9.90 points in early trade today. The US Dow Jones Industrial Average ended 1.06 per cent higher in Friday’s trade.

Rupee gains 18 paise against dollar in early trade

The rupee strengthened by 18 paise to 62.10 against the US dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters.

Forex dealers said a higher opening in the domestic equity market also supported the rupee.

The rupee had gained 9 paise to close at 62.28 against the dollar on Friday.

Meanwhile, the benchmark BSE Sensex rose 42.66 points, or 0.21 per cent, to 20,419.22 in early trade today.

PTI

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