Sensex appreciates by 115 points in early trade
Sensex gained about 115 points in early trade today on fresh buying in select bluechips. The 30-share index appreciated by 114.94 points or 0.36 per cent to 31,776.91 with sectoral indices led by realty, auto, FMCG, metal and bank leading the recovery. The gauge had lost 147.58 points yesterday, tracking global weakness on lingering worries about North Korea and the rupee hitting three-week low against the dollar. The NSE Nifty was up 48.65 points or 0.49 per cent at 9,964.85 in early trade. Stocks of Reliance Industries higher by 0.07 per cent at Rs 822.90 against the last close of Rs 1,645.40. The company has rewarded its shareholders with a one bonus share for every share held. Adani Ports, Dr Reddy's, M&M, Hero MotoCorp, Kotak Bank, ICICI Bank, Maruti Suzuki, Coal India, Axis Bank, Sun Pharma, Wipro and Bharti Airtel, rising by up to 1.55 per cent, among the other gainers. Brokers said emergence of buying coupled with a better trend in other Asian markets following overnight gains at the Wall Street lifted the stocks. Hong Kong's Hang Seng was up 0.23 per cent, while Japan's Nikkei gained 0.37 per cent in early trade today. Shanghai Composite Index, however, shed 0.23 per cent, among other Asian markets. The US Dow Jones Industrial Average ended 0.25 per cent higher yesterday.
