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.

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.

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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.