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Sensex up 77 points, rupee up 14 paise in early trade

BSE

BSE Sensex recovered by nearly 77 points when rupee recovered by 14 paise to 62.28 in early trade today

SensexMumbai: The benchmark BSE Sensex recovered by nearly 77 points in early trade today on fresh buying by funds amid a firm trend at other Asian bourses.

The 30-share index rose by 76.80 points, or 0.38 per cent, to 20,270.15 points with tech, healthcare, auto, IT and realty sector stocks leading the gains. The index had lost 255.14 points in yesterday’s trade.

The National Stock Exchange index Nifty moved up by 19.90 points, or 0.33 per cent, to 6,021.00.

Brokers said fresh buying by funds as well as retail investors, triggered by a firming trend at other Asian bourses on overnight gains in the US markets, mainly buoyed the trading sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng rose by 0.94 per cent, while Japan’s Nikkei was up by 0.69 per cent in early trade today.

The US Dow Jones Industrial Average gained 0.40 per cent in the previous session.

Rupee up 14 paise Vs USD in early trade

The rupee recovered by 14 paise to 62.28 in early trade today at the Interbank Foreign Exchange market on dollar selling by exporters and increased capital inflows.

Forex dealers said dollar’s weakness against other currencies overseas after weaker-than-expected US retail sales data and higher opening in the domestic equity market also supported the rupee.

The rupee had lost 32 paise, logging its biggest daily drop in over two weeks, to close at 62.42 yesterday against the US currency in line with weakness in domestic stocks and sustained demand of the American currency from oil importers.

Meanwhile, the benchmark BSE Sensex rose 76.80 points, or 0.38 per cent, to 20,270.15 in early trade today.

PTI

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