Sensex recovers by 29 points in early trade
The benchmark index recovers by over 29 points in early trade on the back of selective buying by funds in heavy-weight stocks.business Updated: Jul 06, 2007 10:58 IST
The Bombay Stock Exchange benchmark index recovered by over 29 points in early trade on Friday on the back of selective buying by funds in heavy-weight stocks.
The BSE-30 share index, Sensex, which had lost 18.35 points on Thursday, was up by 29.95 points at 14,891.84 in the first five minutes of trading, following a significant recovery in blue chips stocks such as Reliance Industries, Reliance Communications, Bajaj Auto and Grasim industries.
Similarly, the wide-based National Stock Exchange's index Nifty rose by 8.65 points at 4,362.60.
Stock brokers said apart from funds buying short-covering in select stocks helped trading sentiments to improve.