BSE Sensex recovers on buying by funds, retail investors

The BSE Sensex recovered over 28 points in early trade on emergence of buying by funds and retail investors amid a firming trend in global markets.

Brokers said fresh spell of buying by funds and retail investors at select counters amid a better trend in other Asian markets after US markets posted gains on Tuesday following some upbeat corporate results, influenced the trading sentiments on Dalal Street.

The 30-share index of the Bombay Stock Exchange rose by 28.31 points, or 0.12 per cent, to 22,513.24 with sectoral indices, led by consumer durables, oil and gas, metal and healthcare, gaining up to 0.94 per cent.

The Sensex had lost 230.40 points in the previous two sessions.

The 50-share National Stock Exchange index Nifty also gained 4.00 points, or 0.06 per cent, to trade at 6,737.10.

Among other Asian markets, Hong Kong's Hang Seng gained 0.40 per cent in early trade on Wednesday, while Japan's Nikkei was up by 2.23 per cent.

The US Dow Jones Industrial Average ended 0.55 per cent higher on Tuesday.

vimal singh

pgdm 1st yr