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Sensex up over 82 points; rupee up 8 paise in early trade

BSE

BSE Sensex today gained over 82 points where rupee recovered by eight paise to 58.95 against the US currency in early trade today

SensexMumbai: The benchmark BSE Sensex today gained over 82 points in early trade on the back of buying by funds and retail investors following beginning of new settlement for June month in the derivatives segment.

Besides, a mixed trend in the Asian markets also buoyed the trading sentiment here.

The 30-share index, which had lost 321.94 points in the previous session, recovered by 82.67 points, or 0.34 per cent, to 24,316.82 with capital goods, power, healthcare, PSUs and oil and gas sector stocks leading the rise.

Also, the National Stock Exchange index Nifty rose 26.10 points, or 0.36 per cent, to 7,261.75.

Brokers said emergence of buying by participants amid beginning of new monthly settlement in the derivatives segment amid a mixed trend in Asian markets following overnight gains on the US markets influenced the sentiments here.

Among other Asian markets, Hong Kong’s Hang Seng was up by 0.26 per cent, while Japan’s Nikkei fell 0.55 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.39 per cent higher in yesterday’s trade.

Rupee up 8 paise Vs dollar in early trade

The rupee recovered by eight paise to 58.95 against the US currency in early trade today on the Interbank Foreign Exchange market on dollar selling by exporters.

Forex dealers said gains in other Asian currencies against the US dollar in the overseas market and a higher opening in the domestic equity market also supported the rupee.

The domestic currency had lost 10 paise to close at 59.03 against the dollar in yesterday’s trade amid capital outflows linked to fall in equities.

Meanwhile, the 30-share BSE Sensex recovered by 82.67 points, or 0.34 per cent, to 24,316.82 in early trade today.

PTI

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