Sensex up 115 points in morning trade on fresh buying


Mumbai: The benchmark BSE Sensex on Thursday jumped by 115 points in morning trade on Thursday on back of buying by funds and retail investors.The Sensex had lost 213 points in Wednesday’s trade after hitting a lifetime high of 30,024.74 following a surprise rate cut by RBI.

The 30-share index opened 56 points higher at 29436.77, and rose further to hit an early morning high of 29496.60 points. A number of sectoral indices, led by healthcare, FMCG, consumer durables, realty, oil & gas and power, were trading in positive zone with gains up to 1.49 percent.

However, some profit booking emerged later.

Similarly, the National Stock Exchange index Nifty also rose by 26.40 points, or 0.29 percent, to 8,949.05. It had touched an all-time high of 9,119.20 points in Wednesday’s trade.

Brokers said emergence of buying by investors and data showing that foreign funds were net buyers on the Indian bourses in yesterday’s trade, influenced trading sentiments.

Among other Asian markets, Hong Kong’s Hang Seng was down 0.65 percent while Japan’s Nikkei rose 0.17 percent in early trade on Thursday.

The US Dow Jones Industrial Average ended 0.58 percent down in Wednesday’s trade.