Diabytes
Sensex up 81 points on funds buying
The BSE benchmark Sensex gained over 81 points in early trade on Tuesday on sustained buying by funds and retailers driven by the government's bid to revive investments across-the-board amid a better trend in Asia.
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Mumbai: The BSE benchmark Sensex gained over 81 points in early trade on Tuesday on sustained buying by funds and retailers driven by the government's bid to revive investments across-the-board amid a better trend in Asia.
The 30-share barometer, which had gained almost 34 points in the previous session on Friday, added 81.16 points, or 0.46 percent, to 17,772.24.
The market remained closed yesterday on account of 'Eid-ul-fitr'.
All the sectoral indices, led by IT and auto, were trading with gains of up to 1.13 percent.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 20.75 points, or 0.38 percent, to 5,387.05.
Brokers said trading sentiment buoyed after Finance Minister P Chidambaram asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durables to restart the engine of manufacturing.
Besides, a firming trend in Asian region too supported the upside in stock prices, they said.
In Asia, Hong Kong's Hang Seng rose by 0.03 percent, while the Japan's Nikkei by 0.10 percent in early trade today.
The US Dow Jones Industrial Average, however, ended 0.03 percent lower in yesterday's trade.
PTI
The 30-share barometer, which had gained almost 34 points in the previous session on Friday, added 81.16 points, or 0.46 percent, to 17,772.24.
The market remained closed yesterday on account of 'Eid-ul-fitr'.
All the sectoral indices, led by IT and auto, were trading with gains of up to 1.13 percent.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 20.75 points, or 0.38 percent, to 5,387.05.
Brokers said trading sentiment buoyed after Finance Minister P Chidambaram asked banks to cut interest rates and keep EMIs at affordable levels to encourage sale of consumer durables to restart the engine of manufacturing.
Besides, a firming trend in Asian region too supported the upside in stock prices, they said.
In Asia, Hong Kong's Hang Seng rose by 0.03 percent, while the Japan's Nikkei by 0.10 percent in early trade today.
The US Dow Jones Industrial Average, however, ended 0.03 percent lower in yesterday's trade.
PTI
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