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Sensex climbs 207 points, tracking global cues

The benchmark BSE Sensex spurted over 207 points to 25,913.14 in early trade today on across-the-board buying, tracking rally in global markets. The 30-share index, which had lost 150.77 points in the previous session, was up 207.21 points, or 0.80 per cent, to 25,913.14, with all sectoral indices led by realty, metal and IT trading in the positive zone gaining up to 1.22 per cent. The NSE Nifty too soared 53.20 points, or 0.68 per cent, to 7,882.30.

Equity brokers said fresh positions built up by investors tracking gains in other Asian bourses and overnight rally in US markets ahead of the Federal Reserve’s rate decision this week bolstered trading sentiment. Among other Asian markets, Japan’s Nikkei surged 0.97 per cent and Hong Kong’s Hang Seng was up 1.08 per cent while the Shanghai Composite index edged up 0.15 per cent in early trade. The US Dow Jones Industrial Average ended 1.40 per cent higher in yesterday’s trade.