Sensex rises 100 points in early trade
Mumbai: The BSE benchmark Sensex Thursday shot up over 99 points in early trade on sustained buying by funds and retailers, after the ruling government's victory in Parliament over FDI in multi-brand retail sector amid firm Asian cues.
The 30-share barometer rose by 99.74 points, or 0.51 percent, to 19,491.60.
All the sectoral indices, led by Auto, metal, consumer durable, capital goods, realty, oil and gas and power, were trading in the positive zone with gains of up to 0.58 percent.
The wide-based National Stock Exchange index Nifty moved up by 10.05 points, or 0.16 percent, to 5,927.75.
Brokers said continued buying by funds and retail investors after the ruling government's victory in Parliament over FDI in multi-brand retail sector.
Besides, a firming trend on other Asian bourses, too, triggered buying activity in the domestic market, they added.
In Asia, Hong Kong's Hang Seng rose by 0.10 percent, while the Japan's Nikkei up by 0.87 percent in early trade today. The US Dow Jones Industrial Average, however, ended 0.64 percent lower yesterday.
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