BSE Sensex, NSE Nifty hit two-week high in late morning deals

The BSE benchmark Sensex and NSE barometer Nifty today hit a two-week high in early trade on persistent buying in realty, refinery, metal and PSU sectors triggered by higher global cues and sustained foreign capital inflows.

The BSE benchmark index, Sensex, resumed higher at 19,478.67 and firmed up further to a high of 19,581.95 before quoting 19,544.07 points at 1030 hrs.

It showed a net gain of 130.53 points or 0.67 per cent from its last close.

The NSE 50-share index Nifty also moved up further by 40.30 points or 0.69 p per cent quoting 5,903.60 at 1030 hrs.

Major gainers were - Jindal Steel (2.89 per cent), Hero Motocorp (2.32 pc), HDFC (1.87 pc), Tata Steel (1.84 pc), Gail India (1.79%), ONGC (1.53 pc), M&M (1.33 pc) and Sun Pharma (1.28 pc).

Asian stocks edged higher in early trade as Japan's economy returned to growth and jobless claims in the US dropped, adding to signs that global economy is recovering.

Key benchmark indices in Hong Kong Japan and Taiwan rose by 0.74 to 2.1 per cent while stocks in Singapore, China and South Korea fell by 0.1 to 0.2 per cent.

US stocks ended higher yesterday after a six-week low as jobless claims added to optimism over the US employment picture ahead of the key February non-farm payrolls due today.

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