Sensex adds to gains on funds inflows, Nifty hits 7,500

Mumbai :Rallying for the fourth consecutive session, the benchmark BSE Sensex jumped over 112 points and the NSE Nifty regained the 7,500-mark in early trade today on widespread gains amid a firming trend at other Asian bourses.

The 30-share barometer moved up 112.06 points, or 0.45 per cent, to 24,719.05. The gauge had zoomed about 1,605 points in the previous three sessions on expectations of a rate cut by RBI and positive global cues.

Major gainers that supported the benchmark were Tata Motors, ONGC, ICICI Bank, Cipla, Dr Reddy’s, Infosys, ITC, Hindustan Unilever and Tata Steel.

The NSE Nifty was again quoting above the crucial 7,500-mark by climbing 30.60 points, or 0.40 per cent, to 7,505.90.

Traders said that in view of an improvement in sentiment, retail investors were seen strengthening their bets across the spectrum, helping key indices continue their upward journey.

Besides, a firming trend in Asia following overnight gains in US markets on positive data influenced sentiment here.

Hong Kong’s Hang Seng rose 0.60 per cent while Japan’s Nikkei gained 0.26 per cent in early trade today. The Shanghai Composite index, however, was down 0.39 per cent.

The US Dow Jones Industrial Average ended 0.26 per cent higher yesterday.