Sensex extends early gains; hovering above 19,900
Zee Media Bureau
Mumbai: The BSE benchmark Sensex recovered over 70 points in early trade Thursday on selective buying by participants amid RBI plans to take steps to ensure adequate supply of money for credit flows.
The sentiments also improved on today being the last session of current month's expiry in the derivatives segment.
The 30-share index, which lost 63.97 points in the previous session, recovered by 73.22 points to 19,929 with stocks of capital goods, auto, banking, healthcare and IT sectors leading gains.
On the similar lines, the wide-based National Stock Exchange index Nifty moved up by 18 points to 5,892.
Brokers said select buying by funds and short-covering by speculators as today being the last session of monthly expiry in the derivatives segment, and the RBI plans to take steps such as bond purchases to ensure adequate supply of money for credit flows, influenced the sentiment.
In the Asian region, Hong Kong's Hang Seng index fell 0.49 percent, while Japan's Nikkei up by 0.34 percent in the early trade. The US Dow Jones Industrial Average ended 0.40 percent lower in yesterday's trade.
With PTI Inputs