Sensex gains in early trade on manufacturing data

The benchmark Bombay Stock Exchange (BSE) Sensex rose over 107 points in early trade on Monday on increased buying by funds and retail investors on encouraging manufacturing data for March.

The 30-share index, which had gained 302.65 points in the previous session on last Wednesday, jumped further by 107.44 points, or 0.38 per cent, to 28,367.58.

Also, the National Stock Exchange (NSE) index Nifty reclaimed the 8,600-mark by surging 32.90 points, or 0.38 per cent, to 8,619.15 in early trade.

Capital goods, realty, auto, oil & gas and consumer durables shares saw increased buying activity after an HSBC survey said India’s manufacturing sector output rose in March amid stronger increase in new orders that led firms to boost production levels, brokers said.

Among other Asian markets, Japan’s Nikkei shed 0.72 per cent in early trade on Monday while financial markets in Hong Kong Hang Seng are closed for public holiday.

The US Dow Jones Industrial Average ended 0.37 per cent higher in the previous session.

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