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Sensex recoups over 62 points; Rupee at 63.81 against US dollar

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Mumbai :The benchmark BSE Sensex recouped over 62 points and the NSE Nifty reclaimed the 8,600-mark in early trade today on the back of value-buying in oil and gas, technology, healthcare and realty amid a mixed Asian trend.

The 30-share barometer rose 62.59 points, or 0.22 per cent to 28,298.98. The gauge had lost 61.74 points in the previous session.

The broader Nifty recaptured the 8,600-level by rising 43.75 points, or 0.51 per cent, to 8,608.35.

Brokers said fresh buying by investors in select blue-chips at prevailing level amid a mixed trend at other Asian bourses mainly influenced sentiment.

Those that gained most were BHEL, Hindalco, SBI, TCS, HDFC, Dr Reddy’s and Maruti.

Among Asian markets, Japan’s Nikkei was up 0.05 per cent while Hong Kong’s Hang Seng fell 0.26 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.27 per cent lower in Friday’s trade.

Snapping its three-day falling streak, the rupee recovered 4 paise to 63.77 against the US dollar in early trade today on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity market.

Selling of the American currency by exporters and banks supported the rupee, but dollar’s strength against other currencies overseas capped the gains, dealers said.

Besides, a higher opening in domestic equity market helped the rupee, they added.

The rupee had shed four paise at 63.81 against the US dollar in Friday’s trade on sustained demand for the American currency from banks and importers.

Meanwhile, the benchmark BSE Sensex recovered by 62.59 points, or 0.22 per cent, to trade at 28,298.98 in early trade.

PTI