Market rally continues; Sensex tops 32,000 in early trade

The BSE benchmark Sensex reclaimed

the 32,000-mark by surging about 156 points in early trade

today on sustained buying by domestic investors ahead of key

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macroeconomic data to be released later in the day.

Besides, a firming trend on other Asian bourses fuelled

the domestic market sentiment.

The 30-share Sensex was up 155.78 points, or 0.48 per

cent, higher at 32,037.94 with sectoral indices led by metal,

realty, consumer durables, FMCG and capital goods stocks

trading in the positive zone.

The gauge had gained 220.19 points in the previous three

sessions.

Also, the NSE Nifty was trading higher by 50.80 points or

0.50 per cent at 10,056.85.

Brokers said that building up of positions by domestic

institutional and investors ahead of IIP for July and and

inflation data for August -- to be released later in the

day -- also had an influence.

Positive leads from other Asian bourses also supported

the upmove, they said.

In the Sensex kitty, Tata Steel emerged as top gainer

surging by 4.27 per cent to Rs 689.55 after the company

concluded a new agreement under which its UK business stands

separated from the 15-billion pound British Steel Pension

Scheme (BSPS).

In Asia, Japan's Nikkei was up 1 per cent and Shanghai

Composite Index rose 0.07 per cent in their early trading.

Hong Kong's Hang Seng too edged up by 0.01 per cent.

The US Dow Jones Industrial Average surged 1.19 per cent

to close at a fresh record high in yesterday's trade.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)