Sensex rises over 100 points ahead of GDP data release; Nifty reclaims 11,700

Mumbai, Aug 31 Reversing early losses, the benchmark BSE Sensex recouped more than 100 focuses and NSE Nifty recovered the 11,700-check in front of the arrival of key GDP data scheduled later in the day.

The 30-share Sensex rose 138.06 points, or 0.36 percent, to 38,828.16 in early exchange, in the wake of hitting a low of 38,611.46 at the start. It lost 206.53 points in the past two sessions.

All the sectoral indices, driven by human services, IT, teck, power and purchaser durables, ascended to 2 percent.

The NSE Nifty too increased 47.70 points, or 0.41 percent, to 11,724.50 in the wake of contacting a low of 11,654.80.

Investors built up fresh positions as September futures and alternatives (F&O) arrangement opened today, intermediaries said.

However, unpredictability stayed as the rupee hit the 71 check out of the blue and other worldwide markets were exchanging the negative zone on stresses provoked by a report that new US levies on China were fast approaching, they included.

Financial specialists territory also looking at GDP information for April-June quarter that will be discharged later in the day.

Prominent gainers included Sun Pharma, Wipro, Infosys, PowerGrid, ONGC, Coal India, NTPC, Asian Paint, HUL, ITC Ltd, L&T, Kotak Bank, IndusInd Bank and Tata Steel, ascending to 2.27 percent.

While, top losers include Yes Bank, RIL, Vedanta, Bharti Airtel, Axis Bank and HDFC Bank stayed under strain, falling up to 3.44 for every penny.

Meanwhile, foreign portfolio financial specialists (FPIs) purchased shares worth a net of Rs 958.01 crore yesterday, while residential institutional speculators (DIIs) sold offers worth a net of Rs 1,598.67 crore, provisional data showed.

Somewhere else in Asia, Hong Kong's Hang Seng was down 0.98 percent, Japan's Nikkei shed 0.17 percent and Shanghai Composite Index fell 0.08 percent in early exchange.

The US Dow Jones Industrial Average finished 0.50 percent bring down yesterday.