Sensex gains over 100 points ahead of key macroeconomic data

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The benchmark BSE Sensex rose over 100 points in early trade today as ahead of a release of key macroeconomic data amid positive global cues.

The 30 share Sensex gained 133.60 points (0.38 percent). Earlier, the gauge had lost 73.08 points in the previous session.

Sectoral indices led by oil and gas, consumer durables, IT, FMCG and capital goods traded in green.

The broader 50 share NSE Nifty too rose 45.95 points (0.42 percent) at 10762.50.

Asian Paints, L&T, Dr. Reddy’s, TCS, ITC Ltd, Coal India, Adani Ports, Infosys, Kotak Bank, ICICI Bank, NTPC, Wipro, Maruti Suzuki and Axis Bank were among top gainers rising up to 2.28 percent.

Brokers said, optimistic buying in blue-chip stocks ahead of industrial production and inflation data, to be released after market hours, drove stocks higher.

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) sold shares worth Rs 364.88 crore while Domestic Institutional Investors (DIIs) bought shares to the tune of Rs 900.69 crore on Thursday, a provisional data showed.

The Rupee too gained 21 paise against dollar in early trade on fresh selling of the US currency by exporters and banks amidst higher opening in the domestic equity market.

On Thursday, the currency hit a 15-month low of 67.32.

Globally Asian markets were trading higher, tracking gains on Wall Street overnight.

Japan’s Nikkei rose 0.90 percent while Hong Kong’s Hang Seng was up 1.25 percent in early trade. China’s Shanghai Composite Index was flat.

The US Dow Jones Industrial Average ended 0.80 percent in Thursday’s trade.

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