Sensex gains 62 points on buying by funds
The Bombay Stock Exchange benchmark Sensex today gained 62 points in early trade on continued capital inflows by foreign funds. All the sectoral indices were trading in the positive zone with gains up to 0.51 per cent.business Updated: Sep 07, 2010 10:03 IST
The Bombay Stock Exchange benchmark Sensex on Tuesday gained 62 points in early trade on continued capital inflows by foreign funds.
The 30-share index rose by 62.16 points, or 0.33 per cent, to to 18,622.21 points. The index had gained 338.62 points, or 1.86 per cent, in the previous session.
All the sectoral indices were trading in the positive zone with gains up to 0.51 per cent.
The wide-based National Stock Exchange index Nifty moved up by 14.45 points, or 0.25 per cent, to 5,591.40 points.
Brokers said sentiments remained bullish on the back of steady capital inflows into equities by foreign funds.
Besides, a rise in direct tax collections, which shot up by 13.91 per cent to Rs 1,00,112 crore in the first five months of the 2010-11, also buoyed the trading sentiments.
Meanwhile, the Japanese Nikkei was down by 0.23 per cent while the Hong Kong's Hang Seng Index shed 0.16 per cent in morning trade.