November 29, 2013 11:10 AM

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Sensex up 245 points, Rupee gains 14 paise ahead of 2nd quarter economic growth data

The benchmark BSE Sensex today soared 245 points in early trade as funds and investors made fresh buying ahead of second quarter economic growth data amid a mixed trend on other Asian Bourses. The 30-share index rose by 245 points to 20,780, led by gains in stocks of banking, metal, power and PSU sectors. The Sensex had gained 114.65 points in the previous session.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 75 points to 6,167.

In the Asian region, Hong Kong's Hang Seng index gained 0.35 per cent, while Japan's Nikkei Index lost 0.07 per cent in early trade today. The US markets remained closed yesterday for Thanksgiving day holiday.

The rupee today gained 14 paise to 62.27 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters. Strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market ahead of second quarter economic growth data also supported the rupee.

The local currency had lost 27 paise to close at 62.41 yesterday due to month-end demand from oil importers for the US currency, which strengthened in the overseas market

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