Sensex snaps 4-day losing streak; recovers over 73 points
Mumbai: The BSE benchmark Sensex rose by over 73 points in early trade Tuesday as stocks of realty, capital goods and metal sectors led recovery on emergence of buying by funds and retailers amid a firming Asian trend.
Snapping its four-session losing streak, the 30-share barometer gained 73.45 points, or 0.40 percent, to 18,511.24. The index had lost 603.17 points in the previous four sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 33.80 points, or 0.61 percent, to 5,576.75.
Brokers said fresh buying by funds and retailers driven by a firming trend in the Asian region following overnight gains on the US markets ahead of the January-March corporate earnings season, helped trading sentiment to improve.
Meanwhile in Asia, Hong Kong's Hang Seng index rose by 0.64 percent, while Japan's Nikkei up by 0.88 percent in the early trade. The US Dow Jones Industrial Average ended 0.33 percent higher in yesterday's trade.