Sensex up over 45 points in early trade
The BSE benchmark Sensex today gained over 45 points in early trade on sustained buying by funds and retailers in oil and gas, PSUs, IT and banking sector stocks, after Finance Minister P Chidambaram reaffirmed government's commitment to reforms.
The 30-share barometer moved up by 45.67 points, or 0.22 per cent, to trade at 20,072.28 points in early trade.
The index had gained 45.04 points yesterday.
The wide-based index of National Stock Exchange, Nifty, gained 11.00 points, or 0.18 per cent, to 6,065.30.
Brokers said trading sentiment remained firm on continued buying by funds and retail investors, after the Finance Minister reaffirmed government's commitment to reforms.
Besides, a firming trend in other Asian markets after data showing that Chinese manufacturing activity had hit a two-year high in January, too had a positive impact, they said.
In the Asian region, the Japan's Nikkei rose by 1.28 per cent, while Hong Kong's Hang Seng shed 0.02 per cent in morning trade. The US Dow Jones Industrial Average ended 0.49 per cent higher in yesterday's trade.
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(Reuters): GLOBAL MARKETS ROUND UP
Nifty futures on the Singapore Exchange fell 0.14 percent. The MSCI-Asia Pacific index, excluding Japan was up 0.06 percent.
Asian shares steadied on Thursday after manufacturing data from China confirmed a recovery in the world's second biggest economy was on track.
The S&P 500 rose for a sixth day on Wednesday after stronger-than-expected profits from IBM and Google Inc but the rally could be halted as Apple's
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