The benchmark BSE Sensex gained over 139 points in early trade today, snapping its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues.
The 30-share index was trading higher by 139.09 points or 0.52 percent at 26,865.64 with all the sectoral indices led by oil&gas, PSU, auto and banking trading in the green with gains up to 1.25 percent.
The gauge had lost 151.69 points in the previous two sessions ahead of earnings season and macroeconomic numbers due this week amid looming fears of a slowdown in the country’s GDP growth.
Also, the NSE Nifty rose by 37.50 points or 0.46 per cent to 8,273.55.
Rupee strengthened by 17 paise to 68.04 against the dollar in early trade at Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks.
Further, forex dealers said, weakness in the dollar against some other currencies overseas, supported the rupee.
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Moreover, a higher opening in the domestic equity market influenced the rupee uptrend, they added.
Yesterday, the rupee had tumbled by over 25 paise to close at 68.21 against the US dollar on renewed worries over fall in the country’s economic growth coupled with concerns regarding quarterly earnings due from this week.
Meanwhile, the benchmark BSE Sensex recovered by 139.09 points, or 0.52 per cent, to 26,865.64 in early trade.