Sensex rises over 100 points in early trade on foreign fund flows
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The final trading session of the financial year 2015-16 began on a positive note on Thursday with the benchmark BSE Sensex rising over 100 points to 25,441.97 on sustained buying by investors and foreign funds amid mixed global cues.
Besides, short-covering by speculators in view of March monthly expiry in the futures and options space supported the upside. Thursday is the last trading session of March contracts in the derivatives segment.
At 1009 hours, the 30-share Sensex index was trading up 103.39 points, or 0.41%, to 25,441.97, on the stock exchange.
In the early morning trade on Thursday, the index rose by 79.94 points, or 0.32%, to 25,418.52, with stocks of IT, technology, healthcare, power and auto sectors leading the rise.
The barometer had soared 438.12 points in the previous session, the biggest single-day rally in nearly a month, tracking firm global trend after the US Federal Reserve softened its stance on rate hikes.
At 1012 hours, the NSE Nifty too was trading up 29.75 points, or 0.38%, to 7,764.95. In the early morning trade, the index rose by 19.10 points, or 0.24%, to 7,754.30.
Hero MotoCorp, TCS, Infosys, Bajaj Auto, Sun Pharma, HDFC Bank, Wipro, NTPC, Lupin, ITC, Dr Reddy's, Bharti Airtel and RIL were among major gainers, which helped the indices.
In the rest of Asia, Japan's Nikkei rose 0.07%, while Hong Kong's Hang Seng shed 0.24%. Shanghai Composite Index was up 0.18% in early trade on Thursday.
The US Dow Jones Industrial Average closed 0.47% higher on Wednesday.
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