BSE Sensex Jumps 467 Pts To Close Near 3-Year High As Market Mood Rises On RBI Repo Rate
BSE Sensex rose nearly 118 points in early trade. The 30-share barometer, which had lost over 192 points in the previous two sessions, rose 117.65 points, or 0.58 per cent, to 20,533.16 points with consumer durable, banking, realty and FMCG sector stocks leading the rise.
The NSE Nifty moved up by 41.70 points, or 0.69 per cent, to 6,087.55.
Brokers said fresh buying by funds amid a firming trend on other Asian bourses mainly buoyed the trading sentiment.
Bankex is the best performing index today, up 2 per cent. ICICI Bank shares are up 3 per cent, taking their gains for the month to 12.5 per cent.
The rupee rallied to a two-month high of 60.92 against the dollar in late morning deals today on persistent selling of the dollar by banks and exporters on the back of sustained capital inflows from foreign funds.
The domestic currency resumed higher at 61.19 per dollar as against the last closing level of 61.23 at the Interbank Foreign Exchange (Forex) Market.
It firmed up further to a two-month high of 60.92 per dollar before quoting 61.01 per dollar at 1050 hours, showing showed a gain of 22 paise from its last close.
It moved in a range of 60.92 and 61.20 per dollar during the morning deals.
Among other Asian markets, Hong Kong's Hang Seng index rose by 0.72 per cent, while Japan's Nikkei was up by 0.08 per cent in early trade today.
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