BSE Sensex gains 79 points in early trade
The BSE benchmark Sensex gained over 79 points in early trade today on emergence of buying by funds and retailers at existing lower levels amid a firming Asian trend.
The 30-share barometer rose by 79.18 points, or 0.42 per cent, to 19,094.32. The index had lost 316.55 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 20.95 points, or 0.56 per cent, to 5,782.30.
Realty, metal and oil and gas sector stocks led the recovery.
Brokers said emergence of buying by funds and retailers at existing lower levels amid a firming trend in the Asian region mainly buoyed the trading sentiments.
Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.56 per cent, while Japan's Nikkei up by 0.17 per cent in early trade. The US Dow Jones Industrial Average ended 0.84 per cent higher in yesterday's trade.
* Nifty futures on the Singapore Exchange rose 0.3 percent. The MSCI-Asia Pacific index, excluding Japan rose 0.5%
* Asian shares rebounded on Wednesday as US equities rose on solid data and the Federal Reserve's affirmation of its commitment to monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis.
* Foreign investors bought 0.74 billion rupees of stocks, while domestic institutions sold 1.60 billion rupees of stocks on Tuesday when the BSE index fell 1.64 percent.
* The Indian government will present an annual report on the health of the economy, which is battling the worst slowdown in a decade. (0530 GMT)
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