The benchmark BSE Sensex gained over 151 points in early trade today on value-based buying by investors amid positive cues from other Asian markets.
The 30-share index, which had lost 1,368.40 points in the previous five sessions, recovered by 151.62 points, or 0.54 per cent, at 27,827.66 as buying in stocks of realty, banking, capital goods, oil & gas, healthcare, FMCG and auto sectors, positively impacted the trading sentiments.
Also, the National Stock Exchange index Nifty regained the 8,400-mark by rising 45.45 points, or 0.54 per cent, at 8,423.20.
Brokers said value-based buying in bluechips after recent losses amid a firming trend in other Asian markets, helped the domestic trading sentiments.
Besides, recovery in the rupee and data showing foreign funds made heavy purchases on the bourses in yesterday’s trade, triggered buying by investors, they added.
Meanwhile, the rupee was trading seven paise higher at 62.78 against the dollar in early trade today.
Among other Asian markets, Hong Kong’s Hang Seng was up by 0.54 per cent while Japan’s Nikkei gained 1.08 per cent in early trade.
The US Dow Jones Industrial Average, however, ended 0.47 per cent lower in yesterday’s trade.
Rupee gains 7 paise against dollar in early trade
The rupee rose by seven paise at 62.78 against the US dollar in early trade today at Interbank Foreign Exchange on sustained selling of the American currency by exporters.
The domestic currency had ended six paise higher at 62.85 against the Greenback on dollar selling by banks after falling to over three-month low of 63.15 in yesterday’s trade.
Forex dealers said besides increased selling of the US currency by exporters, a higher opening in the domestic equity market supported the rupee but the dollar’s strength against other currencies overseas, capped the gains.
Meanwhile, the benchmark BSE Sensex rose 151.62 points, or 0.54 per cent, at 27,827.66 in early trade today.
–PTI