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Sensex reclaims 25,000-level by surging over 131 points

Market Benchmark BSE Sensex Today Reclaimed The 25,000-level By Surging Over 131 Points In Early Trade, Extending Weekend’s Gains On Fresh Foreign Capital Inflows Amid A Mixed Trend At Other Asian Bourses.

PTI | Updated on: 01 Feb 2016, 11:51:58 AM

Mumbai:

Market benchmark BSE Sensex today reclaimed the 25,000-level by surging over 131 points in early trade, extending weekend’s gains on fresh foreign capital inflows amid a mixed trend at other Asian bourses.

The 30-share index rallied by 131.63 points, or 0.52 per cent, to 25,002.32, with capital goods, healthcare, IT, consumer durables, realty and auto sector stocks leading the rise.

The gauge had gained 401.12 points in the previous session.

The broader NSE Nifty also moved up 28.80 points, or 0.38 per cent, to 7,592.35.

Brokers said revival of buying by foreign investors and widening of positions by investors, mainly influenced the trading sentiment.

Besides, mixed third quarterly earnings and a mixed trend at other Asian bourses supported the rise in the domestic markets.

Bucking the trend, auto sector stocks such as Hero MotoCorp and Maruti Suzuki were trading in the negative zone ahead of the monthly sales data.

In the Asian region, Japan’s Nikkei moved up 1.80 per cent while Hong Kong’s Hang Seng index slipped 0.61 per cent in early trade today.

Shanghai Composite index was down 1.71 per cent after Chinese manufacturing activity fell to its lowest level in three years last month.

The US Dow Jones Industrial Average ended 2.47 per cent lower in Friday’s trade.

Rupee

The rupee advanced by four paise to 67.74 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters and banks.

Forex dealers said besides fresh foreign capital inflows, a higher opening in the domestic equity markets and dollar’s weakness against other currencies overseas supported the domestic unit.

On Friday, the rupee had recovered by 45 paise to close at 67.78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities.

Meanwhile, the benchmark BSE Sensex regained the crucial 25,000-mark by rising 131.63 points, or 0.52 per cent to 25,002.32 in early trade.

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First Published : 01 Feb 2016, 10:10:00 AM

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