The benchmark BSE Sensex today jumped by 115 points in early trade today on back of buying by funds and retail investors.
The Sensex had lost 213 points in yesterday’s trade after hitting a lifetime high of 30,024.74 following a surprise rate cut by RBI.
The 30-share index opened 56 points higher at 29436.77, and rose further to hit an early morning high of 29496.60 points. A number of sectoral indices, led by healthcare, FMCG, consumer durables, realty, oil & gas and power, were trading in positive zone with gains up to 1.49 per cent.
However, some profit booking emerged later.
Similarly, the National Stock Exchange index Nifty also rose by 26.40 points, or 0.29 per cent, to 8,949.05. It had touched an all-time high of 9,119.20 points in yesterday’s trade.
Brokers said emergence of buying by investors and data showing that foreign funds were net buyers on the Indian bourses in yesterday’s trade, influenced trading sentiments.
Among other Asian markets, Hong Kong’s Hang Seng was down 0.65 per cent while Japan’s Nikkei rose 0.17 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.58 per cent down in yesterday’s trade.