Sensex up over 26 points in early trade

January 22, 2013 10:08 am | Updated 10:08 am IST - Mumbai

The BSE benchmark Sensex on Tuesday rose by over 26 points in early trade to touch a new two-year high of 20,128.58 on sustained buying by funds on strong third quarter earnings posted by corporates amid a firming trend in the Asian region.

The 30-share index, which had gained nearly 284 points in the previous three sessions, rose by 26.76 points, or 0.13 per cent, to trade at a new two-year high of 20,128.58.

Similarly, the wide-based National Stock Exchange index Nifty rose by 6.80 points, or 0.11 per cent, to 6,089.10.

Brokers said sustained buying by funds as well as retail investors driven by announcement of encouraging third quarter results by blue-chip companies, buoyed the trading sentiments.

However, stocks of gold trading companies such as Titan Industries, PC Jewellers, Rajesh Exports and Gitanjali Gems were under pressure and lost up to two per cent, after the government hiked the import duty on gold and platinum to six per cent from 4 per cent on Monday.

In the Asian region, Hong Kong’s Hang Seng index and Japan’s Nikkei were marginally up in the morning trade on Tuesday.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.