Sensex rises 80 points in early trade on fund inflows
Besides, short-covering by speculators in view of March monthly expiry in the futures and options space supported the upside.business Updated: Mar 31, 2016 11:09 IST
The final trading session of financial year 2015-16 began on a positive note on Thursday with the benchmark BSE Sensex rising about 80 points to 25,418.52 on sustained buying by investors and foreign funds amid mixed global cues.
Besides, short-covering by speculators in view of March monthly expiry in the futures and options space supported the upside.
Thursday is the last trading session of March contracts in the derivatives segment.
The 30-share index rose 79.94 points, or 0.32 %, to 25,418.52, with stocks of IT, tech, healthcare, power and auto sectors leading the rise.
The barometer had soared 438.12 points in the previous session, the biggest single-day rally in nearly a month, tracking firm global trend after the US Federal Reserve softened its stance on rate hikes.
The broader NSE Nifty too spurted by 19.10 points, or 0.24%, to 7,754.30.
Hero MotoCorp, TCS, Infosys, Bajaj Auto, Sun Pharma, HDFC Bank, Wipro, NTPC, Lupin, ITC Ltd, Dr Reddy’s, Bharti Airtel and RIL were among major gainers, which helped the indices.
In the rest of Asia, Japan’s Nikkei rose 0.07 %, while Hong Kong’s Hang Seng shed 0.24 %. Shanghai Composite Index was up 0.18 % in early trade on Thursday.
The US Dow Jones Industrial Average closed 0.47 % per cent higher on Wednesday.