Sensex up 193 points in early trade

Sensex up 193 points in early trade

Mumbai: Tracking global cues, the benchmark Sensex, which crossed the 20K mark in early morning trade, was up 193 points at 10.30 a.m., while the Nifty scaled new peak during early trading on sustained FII inflows.

Later, the Bombay Stock Exchange barometer came under pressure and was quoted at 19,989.11 at 10.30 a.m., up 193.24 points, after its initial rise to a high of 20,094.56 in early trade against Thursday’s close of 19,795.87.

The broad-based S&P CNX Nifty of the National Stock Exchange (NSE) also touched a new peak at 6,042.10 in the initial five minutes of trade. It was later quoted at 6,000.50 at 10.30 am, up 45.80 points, over previous day’s close of 5,954.70.

The rally was credited to strong trend in global markets after the US stocks scored impressive gains last night.

Asian indices were up in range of about 1-2% in morning trade.

The market is expected to close above the psychologically important level with encouraging global factors.