Sensex up 83 points; rupee up 4 paise in early trade
BSE Sensex gained over 83 points where rupee recovered marginally by four paise to 60.10 against the US currency in early trade today
Mumbai: The benchmark BSE Sensex gained over 83 points in early trade today on the back of fresh buying by funds and retail investors after beginning of new settlement for July series in the derivatives segment amid easing of global crude oil prices.
The 30-share index, which had lost 306.23 points in the previous two sessions, recovered by 83.41 points, or 0.33 per cent, to 25,146.08 with healthcare, power, oil & gas and PSU sector stocks leading the rise.
On similar lines, the National Stock Exchange index Nifty rose 25.20 points, or 0.34 per cent, to 7,518.40.
Brokers said emergence of buying by participants amid beginning of new monthly settlement for July series in the derivatives segment and easing of crude oil prices in Asian trade influenced the sentiments here.
Among other Asian markets, Hong Kong’s Hang Seng was down 0.24 per cent, while Japan’s Nikkei fell 0.62 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.13 per cent lower in yesterday’s trade on disappointing economic data.
Rupee up 4 paise against dollar in early trade
The rupee recovered marginally by four paise to 60.10 against the US currency in early trade today at the Interbank Foreign Exchange market on selling of dollars by exporters.
Forex dealers said weakening of the dollar against other currencies overseas, following disappointing economic data and a higher opening in the domestic equity market, supported the rupee.
Besides, easing of global crude oil prices was another positive factor, they said.
The domestic currency had lost two paise to close at 60.14 against the dollar in yesterday’s trade amid weak local equities and demand for the US currency from importers.
Meanwhile, the 30-share BSE Sensex recovered by 83.41 points, or 0.33 per cent, to 25,146.08 in early trade today.