Sensex, Nifty up in early trade; rupee eases 5 paise 

Mumbai: The market benchmark BSE Sensex advanced over 100 points on Wednesday on increased buying by investors. The Asian stocks were trading in a mixed pattern in the intra-trading. Rising for the second straight session, the 30-share barometer rose further to 27,870.27 points registering 82.50 points gain at 1:30pm. At one point time, Sensex rose 117 points or 0.42 per cent.

Healthcare, oil and gas, power, realty, FMCG, PSU and auto stocks rising up to 0.94 per cent.
Also, the NSE Nifty went up by 29.05 points, or 0.34 per cent, to 8.557.60.
Nifty gained 40.96 points on Tuesday. Brokers said sustained buying by investors in blue chips stocks and good progress in monsoon influenced trading sentiment.

In the Asian region, Hong Kong’s Hang Seng rose 0.82 per cent, while Japan’s Nikkei shed 0.72 per cent in early trade. Shanghai Composite was down 0.17 per cent. The US Dow Jones Industrial Average ended 0.14 per cent higher.

Rupee down five paise against US dollar in early trade to 67.15 due to fresh demand for the American currency from importers.

Rupee down five paise against US dollar in early trade to 67.15 due to fresh demand for the American currency from importers. Dealers attributed the rupee’s fall to increased demand for the US currency from importers, but dollar’s weakness against some currencies overseas and a higher opening in domestic equity market restricted the loss.

The domestic unit had staged a recovery by gaining 10 paise to 67.10 against dollar in Tuesday’s trade on fresh selling of the American currency by exporters and banks.

Source: PTI