Sensex extends gains, climbs 91 pts in early trade on GDP data

Tuesday, Dec 1, 2015,10:14 IST By metrovaartha A A A

Mumbai | Extending gains for the fourth straight day, the benchmark BSE Sensex rose over 91 points in early trade Tuesday on sustained buying by investors, driven by encouraging growth data for the September quarter and positive Asian cues. Besides, further recovery in the rupee and widening of positions by participants ahead of the RBI’s fifth bi-monthly monetary policy review, to be released later today, influenced the sentiment.

The 30-share index rose by another 91.45 points, or 0.34 per cent, to 26,237.12 with all the sectoral indices, led by metal, realty and IT, trading in positive zone with gain of up to 0.99 per cent. The gauge had gained 369.92 points in the previous three sessions. The NSE Nifty also moved up by 27.05 points, or 0.34 per cent, to 7,962.30.

Sentiments bolstered after India’s GDP growth accelerated to 7.4 per cent in the July-September quarter from 7 per cent in the previous quarter, brokers said. Besides, a firm trend at other Asian markets boosted trading sentiments, they said. Among other Asian markets, Hong Kong’s Hang Seng was up 1.48 per cent, Japan’s Nikkei went up by 0.91 per cent, while Shanghai Composite index was up 0.3 per cent in early trade today. The US Dow Jones Industrial Average ended 0.44 per cent lower in yesterday’s trade.

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