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.
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
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
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
The Dow Jones Industrial Average in the US ended 0.69 per
cent higher yesterday.