Sensex rises 132 points in early trade

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File Photo
File Photo

Mumbai, Sep 2 (PTI): The Bombay Stock Exchange benchmark Sensex rose over 132 points in early trade Monday, extending gains for the fourth day in a row on sustained buying by funds as well as retail investors, largely in tandem with a firming trend on other Asian bourses.

However, the country’s slowing economic growth, which slipped to 4.4 per cent, restricted the gains.

The 30-share barometer gained 132.65 points, or 0.71 per cent, to trade at 18,752.37 points in early trade with PSUs, banking, FMCG, metal and consumer durables sector stocks leading the rally. It had rallied by nearly 652 points in the past three sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 26.35 points, or 0.48 per cent, to 5,498.15.

Brokers said reports of a firming trend on other Asian bourses on the back of strong manufacturing data from China mainly influenced the trading sentiments here but country’s slowing economic growth in April-June quarter, restricted gains.

The country’s economic growth rate in the April-June quarter of current fiscal slipped to 4.4 per cent, the slowest in at least four years.

In the Asian region, the Japan’s Nikkei rose 0.37 per cent, while Hong Kong’s Hang Seng gained one per cent in early trade.

The US Dow Jones Industrial Average ended 0.21 per cent lower in Friday’s trade.

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