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Steady, Yet Positive Start by Sensex And Nifty; Rupee Inches Up

The benchmark Sensex started off today by rising 66 points and the Nifty hovered above 9,600 on the back of a firm Asian trend.

The 30-share index advanced 65.89 points, or 0.21 per cent, to 31,311.45 in early session. It was realty, healthcare, auto and capital goods that showed promise, rising by up to 1.30 per cent. The gauge had gained 35.77 points in a range-bound trade yesterday. The NSE index Nifty also inched up 16 points, or 0.16 per cent, to 9,653.60.

According to traders, sustained buying by domestic financial institutions amid a better trend in Asian shares gave investors the confidence. Reliance Industries, Lupin, Asian Paints, Tata Motors and Hero MotoCorp found themselves on the gainers list.

The rupee inched up 5 paise to 64.73 against the dollar today after selling of the US currency by exporters and banks picked up amid a higher opening in domestic equities. The dollar’s weakness against some currencies overseas gave the local unit some lift.

Yesterday, the rupee had shed 4 paise to close at 64.78 on fresh demand for the dollar from banks and exporters amid geopolitical concerns arising out of North Korea’s missile launch. The benchmark Sensex was trading higher by 65.89 points, or 0.21 per cent, at 31,311.45 in early trade today.

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