Mumbai: Strong global cues helped the Sensex climb over 80 points on Wednesday, which extended its previous day’s rally amid signs of a firming trend at Asian markets after data showed China’s economy is stabilising.
Sustained foreign capital inflows and the rupee covering more ground against the dollar gave trading sentiment a lift too. The local unit appreciated further by 6 paise to 66.67 at the forex market on Wednesday.
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The 30-share index was trading higher by 80.19 points, or 0.28%, at 28,131.07, with power, healthcare, oil & gas and PSU sectors all bringing up gains.
The gauge had rallied 521 points, its biggest single-day gain in nearly five months, on Tuesday.
The NSE index Nifty too was quoting higher by 20.85 points, or 0.24%, at 8,698.75.
Sentiment remained buoyant on continued foreign inflows and persistent buying by investors amid overnight gains in the US and a firming trend at other Asian bourses on reports that China’s economy expanded more than expected in the third quarter, brokers said.
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Japan’s Nikkei gained 0.14% while Shanghai Composite was up 0.13% in early session. Hong Kong’s Hang Seng, however, was down 0.11%.
The US Dow Jones Industrial Average ended 0.42% higher on Tuesday.
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