Friday , November 25 2016
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Sensex spurts by 216 points, to 25,669; Rupee at 66.26 against US dollar

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Mumbai :The benchmark BSE Sensex recovered over 215 points in early trade today on value-buying by participants amid positive global cues.

The 30-share barometer spurted by 215.57 points, or 0.84 per cent, to 25,669.13. The gauge had lost 937.82 points in the previous three sessions.

The NSE Nifty rose 66.05 points, or 0.85 per cent, to 7,783.05 in early trade.

Brokers said buying at prevailing low levels amid a firming trend at some Asian markets provided support to the market.

Among other Asian markets, Japan’s Nikkei was higher by 1.42 per cent in early trade today while financial markets in China and Hong Kong are closed today for a public holiday.

The US Dow Jones Industrial Average ended 1.82 per cent higher in yesterday’s trade.

The rupee depreciated 7 paise to 66.26 against the dollar in early trade today on foreign fund outflows amid appreciation in the US currency overseas.

Dealers attributed the rupee’s fall to fresh demand for the US currency from importers and banks.

However, early gains in domestic stock markets capped the rupee losses, they said.

The rupee had gained 3 paise to close at 66.19 per dollar yesterday on fag-end selling of dollars by banks and exporters.

The benchmark BSE Sensex recovered by 215.57 points, or 0.84 per cent to 25,669.13 in early trade today.

PTI