The benchmark Sensex jumped over 90 points in early trade today, extending yesterday’s gains, on the back of increased buying by participants as the country’s infrastructure growth hit a 6-month high in May.
Besides, a firming trend overseas kept the momentum going.
The 30-share index, which had gained over 135 points in the previous session, rose 90.47 points, or 0.33 per cent, to 27.871.30, with all sectoral indices led by consumer durables, healthcare and realty trading in the positive zone with gains up to 1.08 per cent.
The NSE Nifty also inched higher by 17.30 points, or 0.21 per cent, to 8,385.80.
Brokers said sentiment got a lift after the output of eight infrastructure sectors expanded 4.4 per cent in May, the highest growth rate in the past six months and a hardening trend in the global market despite Greece’s default.
Among other Asian markets, Japan’s Nikkei rose 0.22 per cent in early trade today, shrugging off the Greek default. Financial markets in Hong Kong are closed today.
The US Dow Jones Industrial Average closed 0.13 per cent higher in yesterday’s trade. he rupee depreciated 4 paise to 63.68 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas.
Forex dealers said fresh demand for the dollar from importers also weighed, but a higher opening in the domestic equity market limited rupee’s fall.
The rupee had snapped its 5-day losing trend against the US currency by ending higher by 20 paise at 63.64 in yesterday’s trade on fresh selling of the greenback by banks and exporters on hopes of revival in foreign capital inflows.
Meanwhile, the benchmark Sensex rose 90.47 points, or 0.33 per cent, to 27,871.30 in early trade.
PTI