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Sensex gains 97 points, rupee softens 6 paise against dollar in early trade

Meanwhile, The Benchmark BSE Sensex Rose By 96.57 Points, Or 0.36 Per Cent, To 26,611.81 In Early Trade.

PTI | Updated on: 13 Dec 2016, 12:51:39 PM
Representational Image (source: Getty)

Mumbai :

The benchmark BSE Sensex recovered almost 97 points in early trade on fresh buying by domestic investors ahead of inflation data to be released later in the day, even as markets fell overseas.

While rupee shed 6 paise to 67.48 against the US dollar in early trade at the Interbank Foreign Exchange following fresh demand for the American currency from banks and importers amid dismal output data for October.

The 30-share index was up 96.57 points or 0.36 per cent higher at 26,611.81 with sectoral indices led by auto, consumer durables, capital goods, FMCG and healthcare trading in the positive zone, rising by up to 0.58 per cent.

The rupee had retreated from near one-month high by falling 6 paise to close at 67.42 against the US currency on Friday as sentiment turned bearish ahead of Fed rate decision.

However, a higher opening of the domestic equity market capped the rupee’s fall. Forex market had remained closed on Monday for Eid-e-Milad.

National Stock Exchange’s Nifty too was trading above the 8,200-mark by rising 30.15 points or 0.36 per cent at 8,200.95.  Brokers said that the building up of positions by participants ahead of key economic data - consumer price index (CPI) for November - to be released later in the day, influenced the market sentiment.

However, weakness in other Asian markets, which witnessed losses as focus turned to this week’s much anticipated Federal Reserve meeting, restricted further upmove here.

While Japan’s Nikkei was down 0.15 per cent, Hong Kong’s Hang Seng shed 0.40 per in early trade today. China’s main Shanghai Composite Index was also down by 0.69 per cent.

Meanwhile, the benchmark BSE Sensex rose by 96.57 points, or 0.36 per cent, to 26,611.81 in early trade.

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First Published : 13 Dec 2016, 12:41:00 PM

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