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Sensex gains 68 points in early trade on global cues

The 30-share index recovered 67.90 points, or 0.20%, to 33,686.49, with sectoral indices led by PSU, consumer durables, infrastructure, capital goods, healthcare and IT advancing up to 0.42%.

business Updated: Nov 29, 2017 16:57 IST
Press Trust of India
Press Trust of India
Press Trust of India, Mumbai
Sensex,BSE Sensex,Stock market
A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange building in Mumbai.(Reuters File Photo)

The benchmark BSE Sensex recovered by about 68 points in early trade on Wednesday on the back of fresh gains in blue-chips like Reliance Industries, ITC and Infosys.

The 30-share index recovered 67.90 points, or 0.20%, to 33,686.49, with sectoral indices led by PSU, consumer durables, infrastructure, capital goods, healthcare and IT advancing up to 0.42%.

The barometer had lost 105.85 points in the previous session.

Also, the NSE Nifty was up 21.65 points, or 0.20%, at 10,391.90.

Brokers said a fresh spell of buying triggered by a mixed trend in some other Asian bourses following overnight gains in the US markets buoyed the sentiment.

Besides, covering-up pending short positions by speculators ahead of November series expiry in the derivatives segment supported the upmove, they said.

Major gainers were Coal India, ONGC, Dr Reddy’s, Reliance Industries, NTPC, Cipla, L&T, Tata Motors, ITC Ltd, Infosys, Bajaj Auto and SBI, gaining up to 2.11%.

Elsewhere in Asia, Japan’s Nikkei rose 0.40% in early trade on Wednesday, shrugging off North Korea’s latest launch of an intercontinental ballistic missile that splashed down in Japan’s exclusive economic zone. Shanghai Composite index, however, shed 0.49% and Hong Kong’s Hang Send down 0.36%.

The US Dow Jones Industrial Average closed higher by 1.09% in on Tuesday.

First Published: Nov 29, 2017 11:37 IST