Sensex up 60 points, rupee up 11 paise in early trade
Sensex gained 60 points and rupee strengthened by 11 paise to 61.08 against the US dollar in early trade today
The 30-share index rose by 60.81 points, or 0.27 per cent, to 21,893.42 points with power, banking, oil and gas, healthcare and metal stocks posting gains in early trade.
The 50-share NSE Nifty was also higher by 18.10 points, or 0.27 per cent, to 6,534.75 in opening trade.
Brokers said buying activity picked up as foreign funds and retail investors engaged in enlarging their positions in fundamentally-strong stocks.
Firm Asian bourses following overnight gains on the US markets despite soaring global tensions over Crimea also supported the uptrend.
Among Asian markets, Japan’s Nikkei rose 0.59 per cent while Hong Kong’s Hang Seng gained 7.83 points in the opening trade.
Rupee up 11 paise against dollar in early trade
The rupee strengthened by 11 paise to 61.08 against the US dollar at the Interbank Foreign Exchange in early trade today.
Fresh selling of the dollar by exporters amid sustained foreign capital inflows supported the rupee, dealers said.
Early gains in domestic equity markets and dollar’s weakness against major currencies overseas also helped rupee post gains, they added.
The rupee had closed flat at 61.19 against the dollar yesterday on alternate bouts of buying and selling.
Meanwhile, the BSE benchmark index Sensex rose by 60.81 points, or 0.27 per cent, to 21,893.42 in early trade.