Sensex surges 69 points in early trade; Wipro falls 8.06%
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Sensex surges 69 points in early trade; Wipro falls 8.06%

Last Updated: Monday, April 22, 2013, 09:50
 
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Sensex surges 69 points in early trade; Wipro falls 8.06%
Mumbai: The BSE benchmark Sensex Monday rose by nearly 69 points in early trade on buying by funds amid a firm trend in other Asian bourses.

The 30-share index rose by 68.72 points, or 0.36 percent, to 19,085.18 points with banking, metal and auto sectoral indices leading the rise by gaining up to 0.71 percent. The index had gained 285.30 points in the previous session on Thursday.

The wide-based Nifty of the National Stock Exchange moved up by 27.15 points, or 0.47 percent, to 5,810.25.

Brokers said sustained buying by funds as well as retail investors after government announcing measures to boost exports in the foreign trade policy and a firming trend on other Asian bourses, mainly buoyed the trading sentiment here.

Besides, recent fall in gold and global oil prices has boosted the market sentiment as it eased worries of high current account deficit (CAD) and fiscal deficit, they said.

Stocks of IT major Wipro fell by 8.06 percent to Rs 338.95 even as company reported 16.73 percent increase in net profit to Rs 1,728.7 crore for the fourth quarter ended March 31, 2013.

In the Asian markets, Hong Kong's Hang Seng rose by 0.11 percent, while Japan's Nikkei by 1.94 percent in early trade Monday.

The US Dow Jones Industrial Average gained 0.07 percent in the previous session on Friday.

PTI



First Published: Monday, April 22, 2013, 09:50


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