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Sensex up 68 points, rupee up 13 paise in early trade

BSE

The benchmark BSE Sensex recovered by nearly 68 points, rupee appreciated 13 paise to 61.94 against the dollar in early trade today  

SensexMumbai: The benchmark BSE Sensex recovered by nearly 68 points in early trade today, mainly led by gains in IT stocks after Infosys revised guidance upwards for the ongoing fiscal.

Besides, a mixed trend in the global markets also influenced the trading sentiment.

The 30-share index, which had lost 16.01 points in the previous session, rose by 67.68 points, or 0.32 per cent, to 20,781.05, with stocks of IT, tech and healthcare sector leading the rise.

Similarly, the National Stock Exchange index Nifty rose by 17.55 points, or 0.28 per cent, to 6,185.90.

Buying activity emerged after Infosys revised dollar guidance upwards for the ongoing fiscal, brokers said.

Infosys’ shares soared 2.28 per cent to Rs 3,529.90 after the company revised its US dollar guidance upwards to 11.5 per cent for the ongoing fiscal from 9-10 per cent earlier and consolidated net profit rose better-than-expected by 21.35 per cent to Rs 2,875 crore in Oct-Dec vs Rs 2,369 crore year earlier.

Other IT stocks such as TCS gained 0.28 per cent to Rs 2,250. Wipro was up by 1.9 per cent to Rs 5,500.

Among other Asian markets, Hong Kong’s Hang Seng index was up by 0.30 per cent, while Japan’s Nikkei Index shed 0.18 per cent in the morning trade today.

The US Dow Jones Industrial Average ended 0.11 per cent lower in yesterday’s trade.

Rupee up 13 paise against dollar in early trade

The rupee appreciated 13 paise to 61.94 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and higher capital inflows.

Forex dealers said besides selling of the American currency by exporters, gains in other currencies against the dollar and a higher opening in the domestic stock market also buoyed the sentiment.

The rupee had ended flat at 62.07 against dollar yesterday.

Meanwhile, the BSE benchmark Sensex today rose 67.68 points, or 0.32 per cent, to trade at 20,781.05 in early trade.

PTI

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