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Sensex up 103 points in early trade

Last Updated: Thursday, March 21, 2013 - 09:48

Mumbai: The BSE benchmark index Sensex Thursday rose over 103 points in early trade on emergence of buying at prevailing levels amid a firming trend overseas.

The 30-share index, which had lost 686.25 points in the last four sessions, recovered by 103.29 points, or 0.54 percent, to 18,987.48 points with all the sectoral indices gaining up to 0.85 percent.

In a similar fashion, wide-based National Stock Exchange index, Nifty, moved up by 29.30 points, or 0.51 percent to 5,723.70.

Brokers said a fresh spell of buying by funds and retail investors after recent losses and a firming trend overseas, after data showed that manufacturing activity in China picked up strongly in March, helped the trading sentiment to improve here.

In the Asian region, Hong Kong's Hang Seng Index was up by 0.19 percent, while Japan's Nikkei Index was being quoted 1.29 percent higher in the morning trade today.

The US the Dow Jones Industrial Average closed 0.39 percent higher Wednesday.

PTI

First Published: Thursday, March 21, 2013 - 09:48
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