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Sensex up nearly 103 points in early trade

Last Updated: Wednesday, December 5, 2012 - 09:58

Mumbai: The BSE benchmark Sensex on Wednesday surged nearly 103 points in early trade on sustained buying by funds and retailers, ahead of voting in Parliament on allowing FDI in multi-brand retail amid firm Asian cues.

The 30-share barometer, which had gained 42.80 points yesterday, rose by 102.67 points, or 0.53 percent, to 19,450.79.

All the sectoral indices, led by metal, realty, oil and gas and capital goods, were trading in the positive zone with gains of up to 1.13 percent.

The wide-based National Stock Exchange index Nifty moved up by 28.45 points, or 0.48 percent, to 5,917.70.

Brokers said continued buying by funds and retail investors ahead of a voting in Parliament on allowing foreign direct investment (FDI) in multi-brand retail mainly buoyed the trading sentiment.

Besides, a firming trend on other Asian bourses, too, trigered buying activity in the domestic market, they added.

In Asia, Hong Kong's Hang Seng rose by 1.21 percent, while the Japan's Nikkei by 0.86 percent in early trade today.

The US Dow Jones Industrial Average, however, ended 0.11 percent lower yesterday.

PTI

First Published: Wednesday, December 5, 2012 - 09:58
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