Sensex recovers 130 points in early trade
Snapping the three-session losing streak, the 30-share index recovers by 130.62 points to 16,479.12 points in the first five minutes of trade.business Updated: May 27, 2008 10:26 IST
The Bombay Stock Exchange benchmark Sensex rose over 130 points in early trade on Tuesday on emergence of buying by funds at existing lower levels and firming trends at Asian markets.
Snapping the three-session losing streak, the 30-share index recovered by 130.62 points to 16,479.12 points in the first five minutes of trade. It had lost nearly 1,085 points in the last three trading sessions.
Similarly, the National Stock Exchange's Nifty gained 53.50 points to 4,928.55 points.
Marketmen said reports of firming trends at Asian markets mainly influenced the trading sentiments here.
At Hong Kong, the Hang Seng index was up 111.74 points at 24,239.05 in early trade.
Major gainers which supported the Sensex were Reliance Industries, ONGC, BHEL, Larsen and Toubro, Reliance Infrastructure, ACC, Tata Steel and SAIL.