Sensex rises 91 points in early trade | business | Hindustan Times
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Sensex rises 91 points in early trade

business Updated: May 22, 2013 10:04 IST
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The BSE benchmark Sensex Wednesday rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.

The 30-share barometer gained 90.93 points, or 0.45%, to 20,202.54 points. The index had lost over 174 points in the previous two sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 19.30 points, or 0.32%, to 6,133.40.

Brokers said buying by funds in select stocks amid a better trend in the Asian region following overnight gains on the US market, mainly influenced the trading sentiment.

Among major gainers, ICICI Bank and Infosys rose up to 1%. Coal India was up by 1.55%, State Bank of India by 1.27% and Tata Motors by 1.31%.

Meanwhile, Japan's Nikkei was up by 0.39%, while trading on the Hong Kong stock exchange had been delayed due to a black rainstorm warning.

The US Dow Jones Industrial Average gained 0.34% to close at new all-time highs on Tuesday.