Sensex rises 200 points, Nifty up over 50 points

The benchmark BSE Sensex rose over 200 points in early trade Tuesday tracking poitive Asian cues.

Zee Media Bureau

New Delhi: The benchmark BSE Sensex rose over 200 points in early trade Tuesday tracking positive Asian cues.

Asian stocks crept up today thanks to a rebound in oil prices and the dollar consolidated recent gains although underlying risk appetite was cautious on concerns over capital outflows and weak data, especially from China.

The 30-share index Sesnex was trading higher by 198.87 points, or 0.72 percent, at 27,728 after moving in range of 27,761.37-27,652.76.

The NSE Nifty also gained 58.50 points, or 0.69 percent, to 8,576.75.

Meanwhile, the rupee appreciated 12 paise to 66.76 against the US dollar today, propped up by fresh selling of the American currency by exporters and banks.

MSCI`s broadest index of Asia-Pacific shares outside Japan gained 0.5 percent in early trade. Australia`s benchmark index was up 0.4 percent while Hong Kong shares were poised to open higher.