Sensex up 45 points; rupee down 18 paise in early trade
BSE Sensex today rose over 45 points where rupee lost 18 paise to 60.26 against the dollar in early trade
Mumbai: The benchmark BSE Sensex today rose over 45 points in early trade after two sessions of losses on emergence of buying by funds in oil and gas, consumer durables, realty and healthcare sector stocks amidst a firming Asian cues.
The 30-share barometer rose by 45.08 points, or 0.18 per cent, to 25,246.8 points. The index had lost 319.39 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 4.15 points, or 0.06 per cent, to 7,544.85.
Brokers said apart from fresh buying by funds in select stocks, a firming trend on the other Asian bourses following another record close on US market, helped trading sentiment to
In the Asian region, Japan’s Nikkei was up by 0.32 per cent, while Hong Kong’s Hang Seng index rose 0.14 per cent in early trade today.
The US Dow Jones Industrial Average rose 0.09 per cent to close at new high in yesterday’s trade.
Rupee down 18 paise Vs dollar in early trade
The rupee today lost 18 paise to 60.26 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.
Forex dealers attributed the rupee’s fall to increased dollar demand from importers amidst rising global crude prices but said that a higher opening in the domestic equity market and euro’s strength against the US currency capped the fall to some extent.
The rupee yesterday rose 31 paise, logging its best single-day gain in over a month, to end at 60.08 as the
American currency weakened on US Fed keeping its policy of ultra-row interest rates intact.
Meanwhile, the benchmark BSE Sensex rose by 45.08 points, or 0.18 per cent, to 25,246.88 in early trade today.