Sensex recovers 155 points on global cues
The BSE benchmark Sensex recovers on fresh buying by funds as well as investors in tandem with firming global trends.business Updated: May 31, 2007 15:58 IST
The Bombay Stock Exchange benchmark Sensex recovered by over 155 points in early trade on Thursday on fresh buying by funds as well as investors in tandem with firming global trends.
The BSE-30 share index, Sensex, which had lost over 96.83 points on Wednesday, was up by 155.05 points, or 0.93 per cent, at 14,566.43 in the first five minutes of the trade, following a significant rise in heavy-weight stocks buying.
Similarly, on the wide-based National Stock Exchange, Nifty gained 42.60 points to quote at 4,292.25.
Stock brokers said firming global stock markets mainly influenced the trading sentiments here, triggering all-round buying.
They said short-covering by speculators on Thursday, the last session of May expiry in the Futures and Option (F&O) segment, too positively impacted the trading sentiments.
Major supporters to the Sensex were capital goods and banking sector stocks.