Sensex surges 69 points in early trade; Wipro falls 8.06 pc
The BSE benchmark Sensex today rose by nearly 69 points in early trade on buying by funds amid a firm trend in other Asian bourses.
The 30-share index rose by 68.72 points, or 0.36 per cent, to 19,085.18 points with banking, metal and auto sectoral indices leading the rise by gaining up to 0.71 per cent. The index had gained 285.30 points in the previous session on Thursday.
The wide-based Nifty of the National Stock Exchange moved up by 27.15 points, or 0.47 per cent, to 5,810.25.
Brokers said sustained buying by funds as well as retail investors after government announcing measures to boost exports in the foreign trade policy and a firming trend on other Asian bourses, mainly buoyed the trading sentiment here.
Besides, recent fall in gold and global oil prices has boosted the market sentiment as it eased worries of high current account deficit (CAD) and fiscal deficit, they said.
Stocks of IT major Wipro fell by 8.06 per cent to Rs 338.95 even as company reported 16.73 per cent increase in net profit to Rs 1,728.7 crore for the fourth quarter ended March 31, 2013.In the Asian markets, Hong Kong's Hang Seng rose by 0.11 per cent, while Japan's Nikkei by 1.94 per cent in early trade today.
The US Dow Jones Industrial Average gained 0.07 per cent in the previous session on Friday.