Sensex extends gains, up 129 points in early trade

Image
Press Trust of India Mumbai
Last Updated : Jan 21 2013 | 8:29 AM IST

The 30-share barometer, which had gained almost 82 points in the previous two sessions, rose further by 128.84 points, or 0.75 per cent, to 17,313.85.

All the sectoral indices led by capital goods and metals, were trading in positive territory with gains up to 1.26 per cent.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 37.10 points, or 0.71 per cent, to 5,253.40.

Trading sentiment remained firm on continued buying by funds and retail investors amid a firming trend in Asian regions following overnight gains on Wall Street on upbeat earnings reports from technology and other firms.

Besides, expectations that the government will accelerate economic reforms after the Presidential poll also triggered buying by participants, brokers said.

Bucking the trend, stock of auto major Maruti Suzuki tumbled 4.80 per cent to Rs 1,165.55 on major sell-off following a clash between workers and the managerial staff at company's Manesar plant yesterday.

In the Asian region, Hong Kong's Hang Seng rose by 1.05 per cent, while the Japan's Nikkei by 0.78 per cent in early trade today. The US Dow Jones Industrial Average ended 0.81 per cent higher in yesterday's trade.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2012 | 10:05 AM IST

Next Story