Sensex rebounds; up 66 points in early trade
Mumbai: The BSE benchmark Sensex on Thursday recovered by over 66 points in early trade on fresh buying by funds and retailers amid a firming trend on the other Asian bourses.
The 30-share barometer, which has lost nearly 132 points in the past four sessions, rose by 66.46 points, or 0.34 percent, to 19,421.72, led by gains in stocks of auto, realty, healthcare and IT sectors.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 19.45 points, or 0.33 percent, to 5,907.45.
Brokers said fresh round of buying by funds as well as retail investors, tracking a firming trend on the Asian markets after the US Federal Reserve took new stimulus steps to bolster the economy.
They said, however, rising inflation, which dimmed hopes of a rate cut, capped the gains.
Meanwhile, in Asia, Hong Kong's Hang Seng index rose 0.22 percent, while Japan's Nikkei gained 1.90 percent.
The US Dow Jones Industrial Average ended 0.02 percent lower in yesterday's trade.