BSE Sensex up 201 points in early trade, trading over 18,700
Mumbai: The BSE benchmark index Sensex on Thursday recovered over 201 points in early trade on fresh buying by funds triggered by a firming asian trend.
Investors covering their pending short-positions created in the recent bear-run following settlement in derivatives segment, further supported the uptrend.
The 30-share index, which had lost 77.03 points yesterday, recovered sharply by 201.36 points, or 1.098 percent, to 18,753,48, with all sectoral indices led by oil and gas and banking sectors gaining up to 1.79 percent.
The wide-based National Stock Exchange index Nifty rose by 58.40 points, or 1.04 percent, to 5,647.10.
Brokers said fresh buying by funds amid a firming Asian trend following overnight gains at the US market mainly boosted the trading sentiment here.
In Asia, Hong Kong's Hang Seng index rose by 0.58 percent, while Japan's Nikkei by 1.92 percent in early trade.
The US Dow Jones Industrial Average ended 1.02 percent higher in yesterday's trade.