Sensex up 105 pts in early trade
Extending gains for the third straight session, the BSE benchmark index Sensex today rose by over 105 points in early trade on continued capital inflows by foreign funds on hopes of an end to the ongoing Parliament
logjam over FDI in retail amid firm Asian cues.
The 30-share barometer, which has gained over 336 points in the previous two sessions, added 105.22 points, or 0.56 per cent, to 18,947.30 led by stocks of consumer durables, capital goods and realty sectors.
The wide-based National Stock Exchange index Nifty moved up by 27.00 points, or 0.47 per cent, to 5,754.45.
Brokers said persistent capital foreign funds inflow on expectations of an early end to the ongoing parliament logjam over the Foreign Direct Investment (FDI) in retail, buoyed the trading sentiments.
Besides, covering-up of short positions by speculators as today being the last session of current month expiry in the derivatives segment, also supported the upside, they added.
In the Asian region, Hong Kong's Hang Seng rose by 0.29 per cent, while the Japan's Nikkei gained 0.67 per cent in early trade today. The US Dow Jones Industrial Average ended 0.83 per cent higher yesterday.
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange rises 0.16 percent. The MSCI-Asia Pacific index excluding Japan is up 0.61 percent.
* U.S. stocks rallied on Wednesday after comments from House Speaker John Boehner, the top Republican in Congress, on a possible compromise to avoid the "fiscal cliff" turned the market around.
* Asian shares edged higher on Thursday, mirroring U.S.
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