BSE Sensex starts FY’14 on promising note,up 84 pts

The 30-share index rose by 83.98 points,or 0.44 per cent,to trade at 18,919.75 points.

Written by PTI | Mumbai | Published: April 1, 2013 9:14:00 am

Starting the new fiscal on a positive note,the BSE Sensex today gained 84 points in early trade on increased buying by funds as well as retail investors at prevailing levels.

The 30-share index rose by 83.98 points,or 0.44 per cent,to trade at 18,919.75 points,with sectoral indices led by oil and gas,capital goods and realty,trading in positive zone with gains up to 1 per cent.

The Sensex had gained 154.35 points in the previous two sessions.

The broad-based National Stock Exchange index Nifty rose by 22.10 points,or 0.38 per cent,to 5,704.65.

Brokers said value buying by funds and retail investors as stocks available at an attractive levels,supported the upside but India’s Current Account Deficit touching a record high of 6.7 per cent in the October-December quarter forced participants to adopt cautious approach.

In the Asian region,Japan’s Nikkei fell by 1 per cent in early trade today,while Hong Kong markets remained closed. The US Dow Jones Industrial Average ended 0.36 per cent higher in previous session on Thursday.

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Nifty futures on the Singapore Exchange rose 0.03 percent,while the MSCI-Asia Pacific index excluding Japan is down 0.15 percent.

Asian shares and the euro were steady on Monday but trading remained subdued with some Asian markets,including Australia and Hong Kong,and Europe still closed for Easter holidays.

The S&P 500 set a record closing high on Thursday,finishing a fifth consecutive month of gains to extend a four-year rally.


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