Sensex up 170 points in early trade

Mumbai, July 4: The BSE benchmark Sensex on Thursday rose over 170 points in early trade after two sessions of losses on emergence of buying by funds in healthcare, power, capital goods, IT banking and metal stocks amid a mixed Asian trend.

The 30-share barometer rose by 170.25 points, or 0.89 per cent, to 19,348.01 points.

The index had lost almost 400 points in the previous two sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 44.20 points, or 0.77 per cent, to 5,815.10.

Brokers said fresh buying by funds in select stocks and covering-up of short positions by speculators, amid a mixed trend in the Asian region following overnight gains on the US market, mainly influenced the trading sentiment.

Meanwhile, Japan's Nikkei was down by 0.12 per cent, while Hong Kong's Hang seng index was up 0.71 per cent in early trade on Thursday.

The US Dow Jones Industrial Average gained 0.38 per cent in Wednesday's volatile trade.

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Courtesy:ISTV Imphal


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