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Sensex up 54 points, rupee up 14 paise in early trade

BSE

BSE Sensex gained for the third straight session by adding 54 points where rupee appreciated by 14 paise to 62.43 against the US dollar in early trade today

SensexMumbai: The benchmark BSE Sensex gained for the third straight session by adding 54 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 nearly 52 points in the previous two sessions, rose further by 54.07 points, or 0.27 per cent, to 20,315.10 with consumer durable, healthcare, metal and oil and gas sector stocks leading the rise.

The National Stock Exchange index Nifty moved up by 17.85 points, or 0.30 per cent, to 6,040.25.

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

Among other Asian markets, Hong Kong’s Hang Seng rose by 0.34 per cent while Japan’s Nikkei gained 0.37 per cent in early trade today.

Rupee up 14 paise against dollar in early trade

The rupee today appreciated by 14 paise to 62.43 against the US dollar in early trade 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 domestic currency had lost 4 paise to close at 62.57 against the dollar in yesterday’s trade.

Meanwhile, the benchmark BSE Sensex rose by 54.07 points, or 0.27 per cent, to 20,315.10 in early trade today.

PTI

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