Sensex extends gains for third day, up 109 points
The benchmark BSE Sensex climbed 109 points in early trade Tuesday after investors buying gained steam amid mixed Asian cues.
Mumbai: The benchmark BSE Sensex climbed 109 points in early trade Tuesday after investors buying gained steam amid mixed Asian cues.
The 30-share index was trading higher by 108.84 points, or 0.41 percent, at 26,459.01, with sectoral indices led by metal, oil & gas, PSU, consumer durables, capital goods and realty stocks trading in the positive zone, rising by up to 1.10 percent.
The gauge had gained 490 points in the previous two sessions. The NSE Nifty rose by 44.85 points, or 0.55 percent, at 8,171.75.
Shares of Tata Steel was trading higher by 1.87 percent at Rs 414.70 after the company said it has inked an agreement with Liberty House to negotiate sale of UK Speciality Steel business for Rs 854 crore.
Brokers said increased buying in select blue-chips and a mixed trend at other Asian markets amid overnight losses on Wall Street and in Europe influenced sentiment.
Shanghai Composite Index was up 0.36 percent, while Japan's Nikkei was down 0.19 percent in early trade today. Hong Kong's Hang Seng shed 0.07 percent.
The US Dow Jones Industrial Average ended 0.28 percent lower in yesterday's trade.