Wed23052012

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Sensex up 84 points in early trade

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Continuing its rising streak for the third straight session, the BSE benchmark index Sensex rose by another 84 points in early trade today on sustained capital inflows.



The 30-share index, which had gained almost 275 points in the previous two sessions, rose by 84.59 points, or 0.46 per cent, to 18,513.20 points.

The wide-based Nifty of the National Stock Exchange moved up by 16.75 points, or 0.30 per cent, to 5,623.90.

Brokers said continued buying by funds and retail investors and covering-up of short positions by speculators ahead of tomorrow's monthly expiry in the derivatives segment mainly buoyed the trading sentiment.

Stock of Kingfisher Airlines were back in some demand and traded 2.99 per cent higher at Rs 27.60 on reports that the country's largest bank, State Bank of India has decided to extend a Rs 1,650 crore relief package for the company.

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