Sensex up 45 points in early trade
The BSE benchmark Sensex recovered by over 45 points in early trade today on fresh buying by funds and retailers after five sessions of losses due to profit-booking.
The 30-share barometer, which lost over 431 points in the past five trading days, rose by 45.13 points, or 0.24 per cent, to 18,516.50, led by gains in stocks of realty, consumer durables and power sectors.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 7.90 points, or 0.14 per cent, to 5,638.90.
Brokers said fresh round of buying by major players largely in select heavy-weight stocks amid a firming trend in Asian markets helped trading sentiments improve. Meanwhile, in Asia, Hong Kong's Hang Seng index rose 0.45 per cent, while Japan's Nikkei gained 1.88 per cent.
The US Dow Jones Industrial Average ended 0.23 per cent lower in yesterday's trade as fiscal woes continued to dent confidence.
GLOBAL MARKET NEWS
Nifty futures on the Singapore Exchange fell 0.04 percent.
The MSCI-Asia Pacific index excluding Japan was flat.
U.S. stocks were little changed on Thursday as the prospect of a drawn-out battle over impending tax and spending changes made investors wary of getting into the water.
Asian shares steadied on Friday after falling nearly 2 percent this week amid concerns about the looming U.S. fiscal cliff, while Japanese stocks rallied for a second day on expectations of further monetary policy easing after an election next month.
FACTORS TO WATCH
India's foreign reserves and bank lending data (1130
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