Mumbai: The benchmark BSE Sensex rose by 92
points to 34,936.03 in early trade today on continued buying
by investors driven by encouraging quarterly earnings amid a
firm trend in other Asian bourses.
The 30-share index, which gained 410.44 points in the
previous three sessions, rose further by 92.52 points, or 0.26
per cent, at 34,936.03.
IT, teck, capital goods, consumer durables and FMCG
stocks were leading the rally.
The NSE Nifty was also trading higher by 20.25 points, or
0.18 per cent, at 10,761.80.
Brokers said that the market mood remained buoyant,
bolstered by foreign institutional investors' buying coupled
with a firming trend at other Asian markets.
They said, however, concerns prevailed over trade deficit
ballooning to a three-year high.
Trade deficit or difference between imports and exports
was USD 14.88 billion in December, up about 41 per cent year-
on-year, as crude oil and gold import bill inflated, the
commerce ministry data showed.
Meanwhile, foreign portfolio investors (FPIs) bought
shares worth Rs 32.92 crore on net basis while domestic
institutional investors (DIIs) sold equities to the tune of Rs
173.28 crore yesterday, provisional data showed.
In the Asian region, Hong Kong's Hang Seng was up 1.08
per cent, Japan's Nikkei gained 0.55 per cent while Shanghai
Composite index edged higher by 0.28 per cent in early trade
today.
The US markets were shut yesterday for the Martin Luther
King Jr. holiday.
PTI
