Sensex gains 105 pts in early trade
The BSE benchmark Sensex rose by over 105 points in early trade on Thursday on buying by funds and retail investors at existing lower levels amid a firming trend in Asian markets.business Updated: Apr 27, 2012 10:03 IST
The BSE benchmark Sensex rose by over 105 points in early trade on Thursday on buying by funds and retail investors at existing lower levels amid a firming trend in Asian markets.
The 30-share barometer, which lost about 76 points in the previous two sessions, recovered by 105.15 points, or 0.61%, to 17,235.82.
All sectoral indices, led by power and auto, were trading in the positive zone with gains of up to 0.98%.
The wide-based National Stock Exchange index Nifty moved up by 33.85 points, or 0.65%, to 5,222.85.
Brokers said fresh buying by funds and retail investors in line with a firming trend on Asian bourses, following overnight gains in the US stocks, boosted the trading sentiment in Mumbai.
They said expectations of a normal monsoon this year, which is vital for country's economy, too had a positive impact.
Meanwhile, in the Asian region, Hong Kong's Hang Seng Index rose by 0.37% and Japan's Nikkei Index by 0.12% in morning trade. The US Dow Jones Industrial Average ended 0.87% higher in Thursday's trade after upbeat housing data and stronger-than-expected corporate earnings.