Sensex up 61 points on fund inflows
Sustained foreign fund inflow amid positive global cues, the benchmark BSE Sensex continued its rising trend by gaining over 61 points to 32,386.52 in early trade today. The 30-share index rose 61.11 points, or 0.18 per cent, to 32,386.52. The gauge had gained 87.53 points in the previous session. Also, the NSE Nifty was quoting 19.10 points or 0.19 per cent higher at 10,085.50. Sectoral indices, led by metal, realty, bank and auto were trading in the positive terrain with gains up to 1.03 per cent, other than IT and teck. Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors. Tata Steel emerged top gainer by surging 2.79 per cent to Rs 591.55 as participants raised their bets ahead of quarterly earnings numbers. ICICI Bank, Hero MotoCorp, Coal India, Bajaj Auto,Maruti Suzuki, Tata Motors and Sun Pharma, rising by up to 1.64 per cent, proved to be the gainers. Besides, a firm trend in other Asian markets after strong US jobs numbers provided relief to investors. In the Asian region, Japan's Nikkei rose 0.63 per cent and Hong Kong's Hang Seng gained 0.28 per cent, while China's Shanghai Composite Index shed 0.16 per cent. The US Dow Jones Industrial Average ended 0.30 per cent up in Friday's trade. —PTC News
