Sensex up 73 pts in early trade;Oct series sees positive start
Mumbai : The benchmark BSE Sensex rose over 73 points at 25,936.89 in early trade today as investors indulged in widening their positions on the first session of October series in the derivatives segment.
However, caution prevailed ahead of RBI policy review tomorrow and continued fund outflows by foreign investors amid weakness at other Asian markets as investors await US jobs data.
The 30-share index, which had gained 211.66 points in the previous two sessions, rose by 73.39 points, or 0.28 per cent, at 25,936.89 with consumer durables, banking, FMCG and IT sector stocks, trading in positive zone.
Also, the NSE Nifty was trading higher by 25.45 points, or 0.32 per cent, at 7,893.95.
Brokers said continued buying by participants following beginning of the October F&O series influenced trading sentiments but a weak trend at other Asian markets, limited the gains.
Among other Asian markets, Japan’s Nikkei lost 1.14 per cent while Shanghai’s Composite index shed 0.22 per cent in early trade.
Hong Kong’s stock market will remain closed today for a public holiday.