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Sensex up 63 points, rupee down 11 paise in early trade

BSE

BSE Sensex rose almost 63 points; rupee declined by 11 paise to 60.25 against the US dollar in early trade today

SensexMumbai: The benchmark BSE Sensex rose almost 63 points in early trade today on sustained buying by funds and retail investors ahead of the monthly expiry in the derivatives segment.

The 30-share barometer, which had gained 40.09 points in the previous session, moved up by 62.65 points, or 0.28 per cent, to 22,157.95, with stocks of healthcare, realty, power, auto, metal and banking sectors leading the rise.

Also, the National Stock Exchange index Nifty gained 6.60 points, or 0.10 per cent, to 6,608.00.

Brokers said sustained inflow of foreign funds and covering up of pending short positions by speculators, as today is the last session of monthly expiry in the derivatives segment, influenced the trading sentiment.

However, a weak trend on other Asian bourses, in line with overnight losses in the US markets, restricted the gains on the domestic bourses, they said.

Among other Asian markets, Japan’s Nikkei fell 1.18 per cent while Hong Kong’s Hang Seng declined 0.72 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.60 per cent down in yesterday’s trade.

Rupee down 11 paise against dollar in early trade

The rupee declined by 11 paise to 60.25 against the US dollar in early trade today due to appreciation of the American unit against other currencies overseas.

Besides, fresh demand for the US dollar from importers also put pressure on the rupee.

The local unit had gained 34 paise to close at eight-month high of 60.14 per dollar in yesterday’s trade on sustained capital inflows.

Dealers attributed the fall in rupee today to dollar’s gains against other currencies overseas but a higher opening in the domestic equity market capped the fall.

Meanwhile, the benchmark BSE Sensex rose by 62.65 points, or 0.28 per cent, to 22,157.95 in early trade today.

PTI

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