Business

Sensex Soars 200 Points in Early Trade, Nifty Above 11,700-Mark

Benchmark equity indices Sensex and Nifty opened with heavy gains on Tuesday, 16 April, with all sectoral sub-indices trading well in the green in early trade.

The 30-share BSE Sensex opened at 39,040.30, up more than 135 points and soon extended its gains to above 200 points.The broader 50-share NSE Nifty too, was up half a percent and testing 11,750-levels.

Earlier, the rupee opened with modest gains against the US dollar at 69.49, up 7 paise from Monday's closing of 69.42.

Tuesday's trading may also be affected by India's latest export-import data, released on Monday evening. The exports rose 11.02 percent to $32.55 billion in March from a year earlier, while imports were up 1.44 percent to $43.44 billion during the same period, a statement by the trade ministry said on Monday.The numbers are expected to narrow down India's trade deficit.

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