Sensex gains 271 points in early trade | business | Hindustan Times
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Sensex gains 271 points in early trade

business Updated: Jul 27, 2012 11:25 IST
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The BSE benchmark Sensex recovered sharply by over 271 points in early trade on Friday, after two sessions of losses, on fresh spell of buying amid a firming trend in the global markets.

The 30-share barometer, which lost over 278 points in the previous two sessions, rose by 271.48 points, or 1.63%, to 16,911.30 with all the sectoral indices, led by banking, metals and auto, gaining up to 1.97%.

The wide-based National Stock Exchange index Nifty, regained 5,100 points level by rising 86.25 points, or 1.71%, to 5,129.25.

Brokers said emergence of buying by funds and retail investors, tracking a firming trend on Asian bourses, following overnight gains at the US markets after the head of the European Central Bank pledged to protect eurozone from collapse, buoyed the trading sentiments in Mumbai.

In the Asian region, Japan's Nikkei up by 1.40%, while Hong Kong's Hang Seng index gained 1.44% in early trade. The US Dow Jones Industrial Average rallied 1.67% in on Thursday's trade.