Sensex up 105 pts in early trade

Nov 29 2012, 10:48 IST
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The 30-share barometer has gained over 336 points in the previous two sessions. (Reuters) The 30-share barometer has gained over 336 points in the previous two sessions. (Reuters)
SummaryThe 30-share barometer has gained over 336 points in the previous two sessions.

Extending gains for the third straight session, the BSE benchmark index Sensex today rose by over 105 points in early trade on continued capital inflows by foreign funds on hopes of an end to the ongoing Parliament

logjam over FDI in retail amid firm Asian cues.

The 30-share barometer, which has gained over 336 points in the previous two sessions, added 105.22 points, or 0.56 per cent, to 18,947.30 led by stocks of consumer durables, capital goods and realty sectors.

The wide-based National Stock Exchange index Nifty moved up by 27.00 points, or 0.47 per cent, to 5,754.45.

Brokers said persistent capital foreign funds inflow on expectations of an early end to the ongoing parliament logjam over the Foreign Direct Investment (FDI) in retail, buoyed the trading sentiments.

Besides, covering-up of short positions by speculators as today being the last session of current month expiry in the derivatives segment, also supported the upside, they added.

In the Asian region, Hong Kong's Hang Seng rose by 0.29 per cent, while the Japan's Nikkei gained 0.67 per cent in early trade today. The US Dow Jones Industrial Average ended 0.83 per cent higher yesterday.


* Nifty futures on the Singapore Exchange rises 0.16 percent. The MSCI-Asia Pacific index excluding Japan is up 0.61 percent.

* U.S. stocks rallied on Wednesday after comments from House Speaker John Boehner, the top Republican in Congress, on a possible compromise to avoid the "fiscal cliff" turned the market around.

* Asian shares edged higher on Thursday, mirroring U.S. And European stock rises overnight, as sentiment improved after a senior U.S. lawmaker said he was "optimistic" on reaching a budget deal before the end of the year to avoid a fiscal crisis.


* A ministerial panel, which decides on rules around holding airwaves, meets at 0930 GMT to discuss the next steps.

* Telenor CEO Jon Frederik Baksaas presser in Delhi at 0530 GMT.

* India's parliament resumes for a fifth day after being paralysed for the first four days of the ongoing winter session and a public holiday on Wednesday.

* French food group Danone will hold a press conference to talk about its subsidiary Nutricia.



* The finance ministry is considering a proposal to raise excise duty and service tax by two per cent to 14 per cent each in the Union Budget for 2013-14. The move is likely to help the

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