Sensex rises 66 points in early trade


The BSE benchmark Sensex today rose over 66 points in early trade on increased buying amid covering-up of short positions by speculators ahead of tomorrow's monthly expiry.

The 30-share barometer gained 66.32 points, or 0.34 per cent, to 19,321.41 with all the sectoral indices led by consumer durables rising up to one per cent.

The index had closed 13.09 points up in the previous session on Monday.

The wide-based National Stock Exchange index Nifty moved up by 14.80 points, or 0.25 per cent, to 5,870.55.

Brokers said increased buying by major players in line with a firming trend overseas and covering-up of short positions by speculators ahead of tomorrow's monthly expiry in the derivatives segment mainly influenced the trading sentiments.

Meanwhile in the Asian region, Japan's Nikkei gained 0.61 per cent in the early trade today, while Hong Kong markets remained closed for a public holiday.


* Nifty futures on the Singapore Exchange rose 0.06 percent, while the MSCI-Asia Pacific index, excluding Japan , advanced 0.08 percent.

* Expectations that Japan's incoming prime minister will pursue drastic stimulus policies to drive the country's economy out of deflation helped weaken the yen and underpinned the Nikkei on Wednesday, while Asian shares were capped in thin holiday trade

* U.S. stocks edged lower on Monday as caution over the potential for volatility driven by worries about the U.S. "fiscal cliff" dampened enthusiasm at the start of a seasonally strong period for equities.


* Credit Analysis and Research (CARE)will make its stock debut.



* A government-appointed panel has proposed creating a mechanism to carry out "concurrent audit" of blocks where companies have invested over $1 billion, enabling the government to keep a real-time vigil on the books of oil and gas producers.

... contd.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus