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Sensex rises 120 pts in early trade

Press Trust of India  |  Mumbai 

The rose by 120 points in early trade today on sustained buying by domestic institutional investors mainly in healthcare, & gas, realty, PSU stocks.

The 30-share index moved higher by 120.62 points, or 0.37 per cent, to 32,307.036. The gauge had gained 524.44 points in the previous five straight session.

Sectoral indices led by healthcare, & gas and realty rose by up to 1.63 per cent.

The broader of too was quoting higher by 38.75 points, or 0.38 per cent, at 10,118.05

Brokers said continuous buying by domestic institutional investors (DIIs) and retail investors following fresh records on on hopes of movement on US reform strengthened the sentiment.

Major gainers were Sun Pharma, Lupin, Dr Reddy's, Cipla, Industries, Tata Motors, Bank, and Adani Ports rising up to 3.69 per cent.

Meanwhile, DIIs bought worth a net Rs 725.90 crore yesterday, as per provisional data.

Stocks of state-run market companies such as BPCL, HPCL and IOC rose up to 3.47 per cent after oil minister Dharmendra Pradhan ruled out any intervention to disrupt the daily revision in petrol and diesel prices.

Globally, Japan's Nikkei moved up 0.04 per cent, while Shanghai Composite Index shed 0.08 per cent. Hong Kong's Hang Seng down 0.36 per cent in early trade.

The US Dow Jones Industrial Average ended 0.18 per cent higher in yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 10:07 IST