Sensex goes up 112 pts, Asian leads support

Stocks were on the upswing today as

the key Sensex rose 112 points on the back of institutional

buying, with an appreciating rupee keeping mood upbeat.

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Positive leads from Asia and another record closing on

Wall Street set the stage for the day, market watchers said.

The 30-share index spurted by 111.64 points, or 0.33 per

cent, at 33,589.99. All sectoral indices led by consumer

durables and infrastructure, turned green by up to 0.82 per

cent.

The barometer had scooped up 717.91 points in the

previous four sessions.

The NSE Nifty hit 10,364.05, up 37.15 points, or 0.35

per cent.

The rupee was trading higher by 14 paise at 64.75 against

the American currency in early deals today.

There was continued buying by domestic institutional

investors as well as retailers, traders said.

A firming trend at other Asian markets, taking overnight

cues from Wall Street where stocks rose to record highs, too

accelerated buying activity here.

Prominent gainers include Adani Ports, M&M, Bajaj Auto,

HDFC Ltd and Asian Paints, gaining up to 2.11 per cent.

Hong Kong's Hang Seng was up 1.05 per cent while Shanghai

Composite rose 0.71 per cent. Japan's Nikkei too went up 0.78

per cent.

The Dow Jones Industrial Average in the US ended 0.69 per

cent higher yesterday.

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