STOCK MARKET BSE NSE

Sensex Up 78 Points in Early Trade Ahead of Inflation Data

The benchmark BSE Sensex recovered over 78 points in early trade as participants made fresh buying in selective stocks ahead of inflation data.

Published: 16th March 2015 09:50 AM  |   Last Updated: 16th March 2015 10:17 AM   |  A+A-

SENSEX2
By IANS

MUMBAI:  The benchmark BSE Sensex recovered over 78 points in early trade today as participants made fresh buying in selective stocks ahead of inflation data to be released later in the day.

The 30-share index was trading higher by 78.52 points, or 0.27 per cent, at 28,581.82 as sectoral indices, led by IT, technology and healthcare, were trading in positive zone.

The gauge had lost 427.11 points in the previous session on Friday after the rise in retail inflation dampened hopes of aggressive rate cuts by RBI.

On similar lines, the National Stock Exchange index Nifty edged higher by 15.80 points, or 0.18 per cent, at 8,663.55.

Brokers said fresh positions created by participants ahead of inflation data based on wholesale price index for February, to be released later in the day, supported the upside in select stocks.

Besides, reports that foreign funds were net buyers on the domestic bourses influenced trading sentiments, they added.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.33 per cent, while Japan's Nikkei gained 0.22 per cent in early trade today.

However, the US Dow Jones Industrial Average ended 0.82 per cent lower in Friday's trade.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp