Sensex gains 144 points in early trade
Mumbai: The BSE benchmark Sensex on Wednesday gained nearly 144 points in early trade on sustained buying by funds amid a firming Asian trend.
The 30-share barometer rose by 143.57 points, or 0.73 percent to 19,724.38 with all the sectoral indices, led by realty and metal, trading in positive zone with gains up to 1.25 percent. The index had gained 154.10 in yesterday's trade.
The wide-based National Stock Exchange index Nifty moved up by 41.25 points, or 0.69 percent percent, to 5,992.10.
Brokers said the sentiment remained strong on sustained inflows from foreign funds into equity market amid a firming trend in the Asian region as US poised to avert fiscal cliff.
Banking sector stocks continued their upward march on expectations of a rate cut by the Reserve Bank of India. Stocks of Bank of India gained 0.71 percent, State Bank of India shot up by 1.20 percent, while ICICI Bank up 0.91 percent.
In the Asian region, Hong Kong's Hang Seng rose by 1.18 percent. The stock market in Japan is closed today.
More from India
More from World
More from Sports
More from Entertaiment
- Cortana for Android available for public beta in US
- Xiaomi Redmi 2 Vs Redmi 2 Prime: Specification comparisons
- Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg
- Alleged land encroachment in Greater Noida: HC asks DM to decide representation in 3 months
- Watch: Review of Mahindra TUV300