The benchmark BSE Sensex gained over
57 points in early trade today on buying by domestic
institutional investors even as retail inflation rose to a
Positive trends at other Asian markets also influenced
trading sentiments here.
The 30-share barometer, which had gained 496.69 points in
the previous four straight sessions, was trading higher by
57.08 points, or 0.17 per cent, at 32,215.74, with power,
consumer durables, oil & gas, IT and PSU stocks leading the
The NSE Nifty was up by 8.25 points, or 0.08 per cent, at
Prominent gainers were Reliance Industries, TCS, Dr
Reddy's, Adani Ports, Sun Pharma, M&M, Tata Motors, Hero
MotoCorp, Coal India, ICICI Bank, SBI, Bajaj Auto,ONGC and
Maruti Suzuki, rising by up to 2.21 per cent.
Brokers said sentiment remained upbeat despite retail
inflation rising in August to a five-month high of 3.36 per
Industrial production grew by 1.2 per cent in July
against 4.5 per cent a year ago on account of manufacturing
poor show, according to official data.
Brokers said Asian markets were firm after Wall Street
stocks jumped to fresh records yesterday on easing
geopolitical worries and US hurricanes.
Hong Kong's Hang Seng was up 12.03 points, Shanghai's
Composite index rose 0.03 per cent, while Japan's Nikkei
gained 0.47 per cent in their early trade.
The US Dow Jones Industrial Average ended 0.28 per cent
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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