Sensex up 80 points in early trade

Mumbai, July 28: The Bombay Stock Exchange benchmark Sensex rose by 80 points in the early trade today on fresh capital inflows by foreign funds, boosted by encouraging quarter earnings by some blue-chip companies, ahead of RBI’s quarterly credit policy to be announced today.

The 30-share index, which closed almost flat yesterday after highly volatile session, moved up by 79.32 points to 15,454.36 in early trade.

The wide-based National Stock Exchange index Nifty gained 23.50 points, or 0.50 per cent, at 4,595.80.

Marketmen said funds and investors were seen enlarging their positions in select shares ahead of RBI’s quarterly credit policy to be announced today.

Shares of Tata Motors surged by 6.17 per cent to Rs 398.10 on better-than-expected first quarter earnings posted by the company. NTPC shares gained 0.86 per cent at Rs 216.30.

Other gainers were DLF Ltd by 2.
–PTI