Mumbai: The benchmark Sensex recovered about
168 points in early trade today on buying in realty, IT,
capital goods and banking stocks after the RBI maintained
status quo in its monetary policy review yesterday.
The 30-share index rose by 167.73 points, or 0.49 per
cent, to 34,250.44 opening trade. All the sectoral indices led
by realty, IT, healthcare and banking were trading in the
green with gains of up to 1.86 per cent.
The gauge had lost 2,200.54 points in the previous seven
sessions.
Also, the NSE Nifty rose 42.35 points or 0.40 per cent
to 10,519.05.
Major gainers that supported the recovery were Infosys,
HDFC LTD, Axis Bank, Maruti Suzuki, Yes Bank, Dr Reddy's,
SBI, Hero Motocorp and M&M, gaining up to 2.08 per cent.
Brokers said buying by domestic institutional investors
(DIIs) and a mixed trend at other Asian bourses improved the
market sentiment.
DIIs had bought shares worth Rs 461.19 crore, while
foreign funds sold shares to the tune of Rs 1,022.50 crore
yesterday.
In the Asian region, Hong Kong's Hang Seng was up 0.48
per cent while Japan's Nikkei higher 0.26 per cent in early
trade today. Shanghai Composite Index, however, shed 0.81 per
cent.
The US Dow Jones Industrial Average ended marginally
lower by 0.08 per cent yesterday.
PTI
