Sensex rises 88 pts on capital inflows, mixed global cues

MUMBAI: Rising for the second consecutive session, the benchmark BSE Sensex gained over 88 points in early trade on Friday on sustained foreign capital inflows coupled with a mixed trend on other Asian bourses.

                The 30-share index, which had gained 120.11 points in the previous session, gathered another 88.93 points, or 0.31 per cent, to 28,651.75 with oil & gas, metals and capital goods sectors leading the rise.

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                The NSE Nifty also shot up by 15.15 points, or 0.18 per cent, to 8,579.55.

                Brokers said besides sustained foreign capital inflows and increased buying by retail investors, a mixed trend at other Asian bourses amid the European Central Bank deciding not to expand its stimulus for now, influenced trading sentiments.

                Shares of state-run SAIL fell by 0.94 per cent to Rs 84.55 after the government yesterday fixed the floor price for its stake sale at Rs 83 per share, which can raise Rs 1,500-1,700 crore for the exchequer in the first disinvestment under the new regime.

                Among other Asian markets, Hong Kong's Hang Seng gained 0.32 per cent, while Japan's Nikkei fell 0.37 per cent in early trade on Friday.

                The US Dow Jones Industrial Average closed 0.07 per cent lower in yesterday's trade. -PTI