Mumbai, India (BBN)– Extending gains for the sixth day in a row, the benchmark BSE Sensex rose almost 150 points and the NSE Nifty rallied past the 8,200 mark in early trade on Friday.
The show was powered by across-the-board value-buying by investors and a stronger rupee amid a rising trend at other Asian bourses, reports PTI.
The 30-share index, which had gained 744.85 points in the past five sessions, rose further by 149.32 points, or 0.55% to 27,265.15, with all sectoral indices led by metal, oil & gas and banking in the positive terrain, rising up to 0.69%.
The NSE Nifty wrestled back the crucial 8,200 level by surging 43.35 points, or 0.55%, to 8,217.95.
Meanwhile, the rupee firmed up 6.0 paise to 63.67 against the dollar in early trade at the forex market.
Brokers said persistent buying by investors driven by above-normal monsoon till now and the Federal Reserve’s dovish stance on interest rate lifted sentiment.
A strong trend at other Asian markets following a record closing at US markets on Thursday. However, caution prevailed over continued selling by foreign funds on domestic bourses.
In Asia, Hong Kong’s Hang Seng index was trading 1.02% higher while Japan’s Nikkei gained 0.81% in early trade.
The US Dow Jones Industrial Average rose 1% in Thursday’s trade.