Early Trade: Sensex Rises On Low Inflation, Higher Capital Inflow

15/04/2015 10:12 AM IST | Updated 15/07/2016 8:25 AM IST
Indian residents walk past the Bombay Stock Exchange (BSE) during intra-day trading at a brokerage house in Mumbai on September 1, 2014. The benchmark 30 share BSE index Sensex rose 262.19 points to hit new lifetime high of 26,900.30. AFP PHOTO / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

MUMBAI — The benchmark BSE Sensex rose over 50 points in early trade today on the back of retail inflation easing to a three-month low in March and sustained foreign capital inflows.

The 30-share barometer moved up by 50.17 points, or 0.17 per cent, at 29,094.61 with banking, power, FMCG, consumer durables, capital goods, realty, PSU and oil & gas sector stocks, leading the rise.

The gauge had gained 165.06 points in the previous session on Monday as stock markets remained closed yesterday on account of "Ambedkar Jayanti".

The National Stock Exchange index Nifty also rose by 10.80 points, or 0.12 per cent, at 8,844.80.

Brokers said buying activity gathered momentum after retail inflation eased to three-month low of 5.17 per cent in March from 5.37 per cent in February. Besides, a slightly better trend at other Asian markets influenced trading sentiments here, they said.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.08 per cent, while Japan's Nikkei gained 0.02 per cent in early trade.

The US Dow Jones Industrial Average ended 0.33 per cent higher in yesterday's trade.

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