Friday; July 22, 2016: BSE Sensex improved by 54 points in early trade today .The 30-share index, which had lost 205.37 points in the preceding session, rebounded 53.67 points or 0.19 % to 27,764.19 with stocks of FMCG, power, capital goods, auto, consumer durables and healthcare, rising by up to 0.75 %.
Likewise, the broader NSE Nifty was trading 15.30 points or 0.17 % higher at 8,525.40. Buying activity emerged after FMCG major ITC Ltd yesterday reported posted an over 10 % rise in standalone net profit at Rs 2,384.67 crore for April-June quarter. Shares of ITC Ltd climbed 1.04 % to Rs 253.25 in early trade. Other gainers that supported the recovery were GAIL, Power Grid, Asian paints, Tata Motors, M&M, NTPC, L&T and RIL. As per the traders said, meanwhile, a weak trend in other Asian bourses following overnight weakness in the US, restricted the rise on the domestic market. In Asian, Japan's Nikkei fell 0.89 % although Hong Kong's Hang Seng was down 0.40 % in early trade.