BSE Sensex recovers over 86 points, Nifty up by 34 points in early trade
The BSE benchmark Sensex recovered by over 86 points in early trade today on emergence of buying by funds and retailers amid a firming Asian trend.
Snapping its four-session losing streak, the 30-share barometer gained 86.74 points, or 0.44 per cent, to 19,746.56.
The index had lost almost 345 points in the previous four sessions.
All sectoral indices trading in the positive zone with a gain up to 0.80 per cent.
Similarly, the wide-based National Stock Exchange index
Nifty moved up by 34.00 points, or 0.57 per cent, to 5,990.90.
Brokers said fresh buying by funds and retailers driven by a firming trend in the Asian region following overnight gains on the US markets helped trading sentiment to improve.
Meanwhile in Asia, Hong Kong's Hang Seng index rose by
048 per cent, while Japan's Nikkei up by 3.11 per cent in
the early trade. The US Dow Jones Industrial Average ended
0.71 per cent higher in yesterday's trade.
* Asian shares recovered on Wednesday as solid euro zone data calmed nerves jarred by potential political turmoil derailing the region's efforts to resolve its debt crisis, while the prospect of a dovish new governor for the Bank of Japan weakened the yen.
* The yen resumed its decline on Wednesday as investors piled back into the easy one-way trade as the market bet that a more dovish Bank of Japan governor will soon be installed to push through aggressive easing measures.
* Brent crude rose on Tuesday, hitting a 20-week high as positive economic data and strong corporate earnings reports lifted Wall Street
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