Sensex up 98 points in early trade, Rupee gained 10 paise

Mumbai: The Bombay Stock Exchange benchmark Sensex today surged by about 98 points in early trade, with consumer durables and IT stocks gaining on continued capital inflows.
The Indian rupee gained 10 paise to trade at Rs 45.73 a dollar against the US dollar in early trade in the foreign exchange market today, in tune with equities which were trading higher on sustained capital inflows.
The 30-share index shot up by 97.58 points, or nearly 0.50 per cent, to a fresh 32-month high of 19,692.33. In the previous trading session on Monday, the key index had settled 177.26 points higher.

Led by consumer durables and IT, all sectoral indices were trading in the positive zone.

The wide-based National Stock Exchange index Nifty too moved up by 30.75 points, or 0.49 per cent, to 5,915.70 points.

Brokers said foreign funds remained bullish on India growth story.

The local currency had closed at three-month high of Rs 45.83/84 against the dollar in the previous session.

Forex dealers said fresh capital inflows into equities by foreign funds and firming Asian currencies against the dollar provided support to the rupee.