Sensex snaps 2-day losing streak; up 46 points
Mumbai: The BSE benchmark Sensex on Friday rose over 46 points in early trade after two sessions of losses on emergence of buying by funds in oil and gas, capital goods, realty and power sectors stocks on the first session of new settlement in the derivatives segment.
The 30-share barometer rose by 46.11 points, or 0.23 percent, to 19,850.87 points. The index had lost almost 498 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 16.05 points, or 0.27 percent, to 5,923.55.
Brokers said besides fresh buying by funds in select stocks following beginning of new settlement in the derivatives segment, recovery in the rupee in the forex market, helped trading sentiment to improve.
They said, however, a weak trend on the other Asian bourses, capped the gains on the domestic markets.
Meanwhile, Japan's Nikkei was down by 1.53 percent, while Hong Kong's Hang Seng index shed 0.18 percent in early trade today.
The US Dow Jones Industrial Average ended 0.09 percent higher yesterday.