Friday 19th, July 2024
canara news

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

Published On : 01 Dec 2015


Mumbai, Dec 1 (PTI) Extending gains for the fourth straight day, the benchmark BSE Sensex rose over 91 points in early trade today 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.







More News

Sensex, Nifty fall 1% as crude oil prices surge
Sensex, Nifty fall 1% as crude oil prices surge
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Aamir Khan calls 'Thugs of Hindostan' role one of his toughest
Fuel prices continue to fall as global crude rates ease
Fuel prices continue to fall as global crude rates ease

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.