Sensex begins FY15 on promising note, gains 75 points

Commencing the new fiscal 2014-15 on a positive note, the BSE Sensex today gained over 75 points in early trade on sustained buying by funds and retail investors ahead of the RBI's policy review.

Continuing its winning streak, the 30-share index rose further by 75.48 points, or 0.34%, to trade at 22,461.75 points, with all sectoral indices led by consumer durables, oil & gas and auto trading in positive zone with gains up to 1.34%. The Sensex gained over 1,265 points, or nearly 6%, in the last month. The broad-based National Stock Exchange index Nifty rose by 11.75 points, or 0.18%, to 6,715.95 in the early trade.

Brokers said sentiments remained extremely bullish on persistent buying by foreign funds and retail investors ahead of the RBI's policy review to be released later in the day. In the Asian region, Hong Kong Hang Seng index gained 0.53%, while Japan's Nikkei fell by 0.28% in early trade today. The US Dow Jones Industrial Average ended 0.82% higher in yesterday's trade.