Extending yesterday’s gain, the benchmark BSE Sensex rose over 37 points in early trade on Thursday on sustained buying in blue-chip stocks amid a mixed trend in Asian markets.
Besides, covering-up of pending short positions by speculators on the last day of November series expiry in the derivatives segment also influenced sentiment. The BSE 30-share barometer, which had gained 48.14 points in yesterday’s volatile trade, rose 37.75 points, or 0.13 %, to 28,423.94.
Similarly, the NSE Nifty also advanced by 12.80 points, or 0.15 %, to trade at 8,488.55. Brokers said apart from sustained buying by funds and retail investors, covering-up of short positions by speculators as today being the last session of November month expiry in the derivative segment and a mixed trend on the other Asian bourses buoyed trading sentiment. Among other Asian markets, Hong Kong’s Hang Seng was up 0.45 %, while Japan’s Nikkei shed 0.42 % in early trade today.
The US Dow Jones Industrial Average gained 0.07 % to close at a new high in Wednesday’s trade.
–pTI