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Sensex rises 91 points in early trade

The BSE benchmark Sensex today rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.

business Updated: May 22, 2013 10:04 IST

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.

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