Sensex Rises 181 Points in Early Trade

Friday, September 28, 2012
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Mumbai: The BSE benchmark sensex recovered by over 181 points in early trade on September 28 after two sessions of losses, on fresh spell of buying amid a firming trend in the global markets.

The 30-share barometer, which lost over 115 points in the previous two sessions, rose by 181.41 points, or 0.98 percent, to 18,760.91.

All the sectoral indices, led by metals, power and auto, were trading with gains of up to 1.33percent.

The wide-based National Stock Exchange index Nifty gained 48.90 points, or 0.86 percent, to 5,698.40.

Brokers said fresh round of buying by funds and retail investors amid a firming trend in the global markets as Eurozone debt concerns were eased on expectations that economic reform and budget plans unveiled by Spain may pave the way for a bailout, buoyed the trading sentiments here.

Besides, beginning of new monthly settlement in the derivatives segment supported the rally, they said.

In Asian region, Japan's Nikkei was up by 0.41 percent, while Hong Kong's Hang Seng index gained 0.60 percent in early trade.

The U.S. Dow Jones Industrial Average had gained 0.54 percent September 27 trade.

 

 


Source: PTI
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