Sensex gains 50 pts in early trade

The benchmark BSE index makes up for overnight losses with moderate gains on revival of buying by funds.

The benchmark Sensex recovered over 50 points in early trade on the Bombay Stock Exchange on Wednesday, on revival of buying by funds.

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The 30-share sensitive index, which had lost 88 points in the previous day trading bounced back by 53.26 points at 12,419.65 points in first five minutes of trade.

The wide-based National Stock Exchange, Nifty, also traded higher by 10.45 points at 3,580.05.

The major support came in from heavy-weights such as Bajaj Auto, Reliance Energy, Larsen, Grasim and Infosys.