Sensex opens in green on value-buying
The benchmark BSE Sensex recovered by 50 points in early trade today, supported by value-buying in select blue-chip stocks amid positive global cues.
Mumbai: The benchmark BSE Sensex recovered by 50 points in early trade today, supported by value-buying in select blue-chip stocks amid positive global cues.
The 30-share index was trading higher by 49.91 points or 0.21 percent at 23,241.88 with IT, healthcare, teck and oil and gas stocks, trading in the green with gains up to 0.42 percent.
The gauge had lost 362.15 points in the previous session.
Also, the NSE Nifty rose by 11.50 points or 0.16 percent to 7,059.75.
Brokers said value-buying in recent losers and a firming trend at other Asian markets, tracking overnight gains in US, triggered fresh spell of buying, though selective, on the domestic bourses here.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.40 percent while Japan's Nikkei rose 0.84 percent in early trade today. Shanghai Composite index gained 1.80 percent.
The US Dow Jones Industrial Average ended 1.39 percent higher yesterday.