Sensex gains 43 points in early trade
Mumbai: The BSE benchmark Sensex recovered over 43 points in early trade Monday on emergence of selective buying by funds at existing lower levels amid a mixed Asian trend.
Snapping its three-day long losing streak, the 30-share barometer gained by 43.49 points, or 0.24 percent, to 18,493.72 with realty and auto sector stocks leading the recovery. The index had lost over 590 points in the last three sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 11.45 points, or 0.21 percent, to 5,564.70.
Brokers said emergence of buying by funds at existing lower levels and covering up of short positions amid a mixed trend in the Asian region mainly influenced the trading sentiments.
Meanwhile, in Asia, Japan's Nikkei spurted by 2.01 percent, while Hong Kong's Hang Seng index fell 0.41 percent in early trade. The US Dow Jones Industrial Average ended 0.28 percent lower in previous session on Friday due to worse- than-expected jobs report.