Sensex climbs 90 points on Asian cues

Mumbai, November 23: Extending its winning run for the third straight session, the benchmark BSE Sensex gained 90 points to 25,958.04 in early trade today on sustained buying by participants, tracking positive cues in Asian markets.

The 30-share index, which had gained 385.97 points in the previous two sessions, was up 89.55 points or 0.34 per cent to 25,958.04 with sectoral indices led by capital goods, oil & gas, realty, power and healthcare trading in the positive zone gaining up to 0.62 per cent.

The NSE Nifty too edged higher by 15.70 points, or 0.19 per cent, to 7,872.25.

Brokers said widening of positions by investors tracking gains at other Asian bourses amid growing confidence about the US Fed raising interest rates next month coupled with weekend gains in US markets bolstered trading sentiment.

Among other Asian markets, Hong Kong's Hang Seng was up 0.10 per cent while Shanghai's Composite index edged up 0.51 in early trade today. Japan's financial markets are closed today on account of national holiday.

The US Dow Jones Industrial Average ended 0.51 per cent higher in Friday's trade.

Those cheating the banking system will be chased down: Arun Jaitley

New Delhi: Finance minister Arun Jaitley said that the state will chase down those who cheat the banking system on Thursday. He added that auditors ha...

Odisha govt exploring new opportunities in cooperative sector

Bhubaneswar: The Odisha government has initiated the process for exploring new opportunities in the cooperative sector for generation of new employmen...

Following Rs 11,000 cr scam, Fitch places PNB on 'Rating Watch Negative'

New Delhi: Following the fraud worth over Rs 11,000 crore in Punjab National Bank, the global ratings agency Fitch has placed the state-run bank's via...

Rotomac scam: CBI raids three places, FIR filed

New Delhi: The Central Bureau of Investigation (CBI) has conducted raids at three properties belonging to the Rotomac Pen company's owner in the early...