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Sensex up 60 points in early trade

BSE

The benchmark BSE Sensex today rose over 60 points in early trade, extending gains for the third straight day
Network outage at BSEMumbai: The benchmark BSE Sensex today rose over 60 points in early trade, extending gains for the third straight day as funds and retail investors made selective buying ahead of the TCS and Bajaj Auto quarterly earnings.

The 30-share index gained 60.75 points, or 0.23 per cent, to 25,610.47 with IT, power, FMCG, healthcare and consumer durable sector stocks leading the rise. The index had gained 542.74 points in the last two sessions.

The broad-based National Stock Exchange index Nifty moved up by 15.65 points, 0.20 per cent, to 7,640.05.

Brokers said selective buying by participants ahead of quarterly results of TCS and Bajaj later in the day amid a mixed trend on other Asian bourses mainly influenced the sentiment.

Stocks of TCS rose 1.14 per cent to Rs 2,428.75 and Bajaj Auto was up 0.71 per cent to Rs 2,155.55.

In the Asian region, Hong Kong’s Hang Seng index was down 0.13 per cent, while Japan’s Nikkei moved up by 0.20 points in early trade today.

The US Dow Jones Industrial Average ended at yet another record high by rising 0.45 per cent in yesterday’s trade on strong earnings and a positive outlook on the US economy by the Federal Reserve.

Rupee down 2 paise Vs dollar in early trade

The rupee fell marginally by two paise to 60.14 against the dollar in early trade today on increased demand for the US currency from banks and importers.

Dealers said increased demand for dollar from importers mainly put pressure on the local unit but a higher opening in the domestic equity market and gains in other currencies overseas against the dollar capped the losses.

The rupee ended flat at 60.12 against the dollar in yesterday’s trade on alternate bouts of demand and supply.

Meanwhile, the benchmark BSE Sensex rose 60.75 points, or 0.23 per cent, to 25,610.47 in early trade today.

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