Sensex up 76 points; rupee up 11 paise in early trade
BSE Sensex recovered 76 points where rupee appreciated further by 11 paise to 60.31 against the dollar in early trade today
Besides, a firming trend in the global markets also buoyed the trading sentiments here.
The 30-share index, which had lost over 410 points in the previous three sessions, rose by 76.45 points, or 0.34 per cent, to 22,542.64, with stocks of oil & gas, auto, consumer durables, power and FMCG sectors leading the rise.
On similar lines, the National Stock Exchange index Nifty rose 19.75 points, or 0.29 per cent, to 6,735.00.
Sentiments turned better after the country’s largest mobile operator Bharti Airtel reported 89 per cent rise in Q4 consolidated net profit at Rs 962 crore, brokers said.
Stocks of Bharti Airtel climbed 1.54 per cent to Rs 340.30 in early trade.
A firming trend in the Asian region, largely in line with overnight gains in the US markets, also buoyed the sentiments, they said.
Among other Asian markets, Hong Kong’s Hang Seng was up 12.15 points, while Japan’s Nikkei gained 108.72 points in morning trade today.
The US Dow Jones Industrial Average ended 0.53 per cent higher in yesterday’s trade.
Rupee up 11 paise against dollar in early trade
The rupee appreciated further by 11 paise to 60.31 against the dollar in early trade today at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and increased capital inflows.
Forex dealers said besides selling of the American currency by exporters and banks, gains in other Asian currencies against the dollar and a higher opening in the domestic stock market also supported the rupee.
The rupee had gained 23 paise to close at 60.42 against the dollar yesterday.
Meanwhile, the benchmark BSE Sensex rose 76.45 points, or 0.34 per cent, to trade at 22,542.64 in early trade today.