The BSE Sensex today rose by 118 points in early trade on sustained buying by funds amid a firm trend in other Asian bourses.
The 30-share index rose by 117.61 points,or 0.64 per cent,to 18,532.06 points with all sectoral indices,led by auto and realty,gaining up to 1.29 per cent. The index had
gained 187.97 points yesterday.
The wide-based NSE Nifty of the National Stock Exchange moved up by 22.00 points,or 0.40 per cent,to 5,580.70.
Brokers said sustained buying by funds as well as retail investors tracking a firming trend on other Asian bourses after US markets surged to new record highs yesterday on strong corporate earnings,mainly buoyed the trading sentiment here.
In the Asian markets,Hong Kong’s Hang Seng rose by 0.80 per cent,while Japan’s Nikkei by 1.18 per cent in early trade today.
The US Dow Jones Industrial Average gained 0.88 per cent to close at fresh record high yesterday.
Stocks to watch
(Reuters): GLOBAL MARKETS ROUNDUP
Nifty futures on the Singapore Exchange rose 0.66 percent and the MSCI-Asia Pacific index excluding Japan was up 0.54 percent.
Wall Street’s record closing overnight and growing optimism about the Chinese economy underpinned Asian shares on Thursday while the Bank of Japan’s bold monetary stimulus kept the yen pinned near fresh lows against major currencies.
U.S. stocks climbed 1 percent on Wednesday,with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day.
FACTORS TO WATCH
India’s Supreme Court hearing on Bharti Airtel 3G pacts. (0600 GMT).
The Reserve Bank of India Deputy Governor H.R. Khan is scheduled to address a conference on housing.
INDIAN STOCKS TO WATCH
Etihad’s Jet Airways stake buy seen delayed until August.
India’s Sahara boss says his assets are worth under $1 million.
India’s Kingfisher Airlines submits plan to restart airline KFA lenders to initiate process to liquidate Vijay Mallya’s assets next week.
Mahindra and Mahindra says work disrupted at Igatpuri plant,has sufficient stock of engines.
Hotel companies find a short cut through India’s red tape.
Coal India-NTPC dispute: Full coal supply to be resumed.
Goldman,UTIMF shortlisted for managing public sector ETF.
M&M to launch Vibe hatchback next month to take on Maruti Swift,Hyundai i20.
India will not cap oil imports from Iran: Govt Officials.
Essar Oil turns to china for $1 billion loan deal.
Annual turnover threshold for GST set to be 2.5 mln rupees.
Petronet forays into shipping business.