Sensex, Nifty rise in early trade on value-buying
The benchmark BSE Sensex rose over 134 points in early trade on Wednesday on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.
The benchmark BSE Sensex rose over 134 points in early trade on Wednesday on value-buying by investors in selective stocks amidst optimism over the upcoming Budget.
The 30-share index gained 134.85 points, or 0.48%, to 28,490.47 with capital goods, consumer durables, banking, healthcare, power, auto and metal sector stocks, leading the rise.
The index had gained 128.23 points in the previous session. Also, the National Stock Exchange index Nifty reclaimed the 8,600-mark by rising 47.10 points, 0.55%, to 8,612.65.
Brokers said value-based buying by investors as select shares turned attractive after recent losses and optimism over the upcoming Budget, influenced trading sentiments here.
Among other Asian markets, Hong Kong's Hang Seng index was down 0.61% in early trade on Wednesday, while Japan's financial markets will remain closed for a public holiday.
The US Dow Jones Industrial Average ended 0.79% higher in Tuesday's trade.
