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
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
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
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.)
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