BSE Sensex soars over 100 pts, NSE Nifty by 29, undercuts raid on DMK's M K Stalin
BSE index Sensex today rose over 103 points in early trade on emergence of buying at prevailing levels amid a firming trend overseas - the raid by CBI on DMK leader M K Stalin did not seem to affect investor sentiment adversely.
The 30-share index, which had lost 686.25 points in the last four sessions, recovered by 103.29 points, or 0.54 per cent, to 18,987.48 points with all the sectoral indices gaining up to 0.85 per cent.
In a similar fashion, wide-based National Stock Exchange index, NSE Nifty, moved up by 29.30 points, or 0.51 per cent to 5,723.70.
Brokers said a fresh spell of buying by funds and retail investors after recent losses and a firming trend overseas, after data showed that manufacturing activity in China picked up strongly in March, helped the trading sentiment to improve here.
In the Asian region, Hong Kong's Hang Seng Index was up by 0.19 per cent, while Japan's Nikkei Index was being quoted 1.29 per cent higher in the morning trade today.
The US the Dow Jones Industrial Average closed 0.39 per cent higher yesterday.
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange gained 0.33 percent, while the MSCI-Asia Pacific index excluding Japan rose 0.1 percent.
* Asian shares inched higher and the dollar steadied on Thursday after the U.S. Federal Reserve maintained its commitment to a very accommodative monetary stance, with Chinese data helping to soothe sentiment rattled by the Cyprus bailout wrangling.
* U.S. stocks climbed on Wednesday, with
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