Twitter
Advertisement

Sensex up 314 points in early trade on global trends

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Extending its rise for the second straight session, the benchmark BSE Sensex spurted by over 314 points in early trade on Friday on firming global trend after the US Fed gave indication of holding interest rate hike in the short-term.

Besides, further recovery in the rupee, which was trading 11 paise higher at 63 against the dollar in early trade, also supported the rally.

The 30-share index, which had gained 416.44 points in the previous session, rose further by 314.29 points, or 1.16%, to 27,440.86.

All the sectoral indices led by capital goods, realty, IT and metal were trading in positive zone with gains up to 1.87%, rendering major support to the Sensex and Nifty.

Also, the wide-based Nifty of the National Stock Exchange reclaimed the 8,200-mark by moving up 82.10 points, or 1.01%, to 8,241.40.

Sustained buying by funds and retail investors, tracking a firming trend on global markets, after the Federal Reserve said on Wednesday a rate hike was unlikely in the short-term, mainly buoyed trading sentiment, brokers said.

Expectations of acceleration in reforms process after the Cabinet's clearance to the Constitutional Amendment Bill on GST too triggered buying activity, they said.

Among Asian markets, Hong Kong's Hang Seng was higher by 1.04 %, while Japan's Nikkei moved up by 1.92% in early trade today.

The US Dow Jones Industrial Average ended 2.43% higher in yesterday's trade.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement