Sensex Extends Gains, Up 58 Points


MUMBAI: Market benchmark BSE Sensex pulled off a rosy start as it rallied further by over 58 points to 24,396.99 on Friday on sustained buying by investors amid a mixed trend at other Asian markets.

The 30-share index, which gained 115.11 points in the previous session, added 58.56 points, or 0.24 percent, to 24,396.99, with stocks of banking, metal, capital goods, consumer durables, auto and FMCG leading the gains.

The NSE Nifty was also trading higher by 23.30 points, or 0.31 percent, at 7,427.30.

Brokers said an increased buying by investors in blue-chip stocks amid a mixed trend at other Asian markets and overnight gains at the U.S. markets, mainly influenced the sentiment.

However, shares of Tata Steel plunged 3.65 percent to 217.90 after the company on Thursday reported a consolidated net loss of 2,127.23 crore for the quarter ended December 31, 2015.

Among other Asian markets, Hong Kong's Hang Seng was trading higher by 0.54 percent, while Japan's Nikkei fell by 1.49 percent in early trade. Shanghai's Composite index was marginally up by 2.06 points.

The U.S. Dow Jones Industrial Average ended 0.49 percent higher in Thursday's trade.

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Source: PTI