BSE Sensex up 84 points in early trade,Tata Steel shares surge 6.45 pct

The wide-based Nifty of the National Stock Exchange moved up by 23.95 points,or 0.42 per cent,to 5,723.25.

Written by PTI | Mumbai | Published: August 14, 2013 9:55 am

Continuing rising streak for the fourth straight session,the BSE benchmark index Sensex rose over 84 points in early trade today on sustained buying by funds and retail investors after Tata Steel posted better-than-expected first quarter earnings amid a firming trend in Asian markets.

The 30-share index,which had gained 564.96 points in the past three sessions,rose further by 84.14 points,or 0.43 per cent,to 19,313.98 points.

The wide-based Nifty of the National Stock Exchange moved up by 23.95 points,or 0.42 per cent,to 5,723.25.

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Brokers said buying activity gathered momentum after Tata Steel posted better-than-expected first quarter earnings and a firming trend in the Asian region.

Stock of * Tata Steel climbed 6.45 per cent to Rs 256.70 in early trade,after the company’s consolidated net profit for the April-June quarter zoomed 90.51 per cent to Rs 1,139 crore.

Among Asian markets,Hong Kong’s Hang Seng rose by 0.62 per cent,while Japan’s Nikkei by 1.14 per cent in early trade today.

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