Sensex above 39,000, Nifty nearing 11,700-level in early trade led by gains in IT, metals stocks; rupee down 27 paise

Mumbai: The BSE gauge Sensex was trading above crucial 39,000-level and the NSE Nifty was heading towards 11,700-mark in early trade on Monday, led by gains in metal, IT and capital goods stocks tracking robust Asian cues. The 30-share Sensex opened higher at 38,993.60 against the Friday’s close of 38,862.23. It was trading at 39,013.22, up 150.99 points or 0.39 percent, in early deals. Similarly, the broader NSE Nifty started on a positive note at 11,704.35 and rose further to 11,691.45, 25.50 points or 0.22 per cent higher in early trade. [caption id=“attachment_2378090” align=“alignleft” width=“380”]  Representational image. Reuters[/caption] Meanwhile, the Indian rupee was trading lower by 27 paise at 69.50 against the US dollar in early trade on Monday. Asian markets opened mostly higher on Monday on the back of better-than-expected US jobs data and signs of progress in trade talks between Washington and Beijing. On Friday, the BSE Sensex had logged 177.51 points or 0.49 per cent gains to close at 38,862.23; while the broader NSE Nifty rose 67.95 points, or 0.59 per cent, to 11,665.95. During the week, the Sensex saw 182.32 points or 0.48 percent rise; and the Nifty gained 42.05 points, or 0.36 percent. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 797.90 crore Friday, as per provisional data.