Sensex gains 64 pts in early trade on Asian cues

Sensex gains 64 pts in early trade on Asian cues

The benchmark BSE Sensex advanced almost 64 points to 29,400.14 in early trade on Thursday on sustained buying by domestic institutional investors amid firm Asian cues.

The 30-share index rose 63.57 points or 0.22% to 29,400.14. The gauge had gained 17.43 points in the previous session. Also, the NSE Nifty was up 23 points, or 0.25%, to 9,126.50.

Sectoral indices, led by realty, metal and FMCG, were trading in the positive zone with gains of up to 0.87%. Brokers said that a firm trend at other Asian markets after crude oil prices rebounded from an overnight sell-off amid Japan reporting stronger-than-expected exports in March and easing tensions over North Korea helped lift sentiments.

Shares of private lender Yes Bank, however, plunged 6.50% to Rs 1,501 after the asset quality of the bank slipped in the results declared yesterday. Among other Asian markets, Japan's Nikkei was up 0.31% while Hong Kong's Hang Seng index rose 0.33% in morning trade. The US Dow Jones Industrial Average ended 0.58% down in Wednesday's trade, weighed down by weak earnings.