Sensex snaps 6-session losing streak, opens 56 points up
Mumbai: Snapping a six-session long losing streak, the BSE benchmark index Sensex Monday recovered by over 56 points in early trade on the back of fresh buying by funds and retail investors amid a firm trend in Asian markets.
The 30-share barometer rose by 56.22 points, or 0.30 percent, to 18,365.59 with stocks of realty, capital goods, IT and auto sectors leading the recovery. The index lost almost 593 points in the past six sessions.
The wide-based National Stock Exchange index Nifty moved up by 10.25 points, or 0.18 percent, to 5,584.30.
Brokers said the trading sentiment turned slightly better on selective buying by funds and retail investors, tracking a firm trend in Asian markets.
In Asia, Hong Kong's Hang Seng rose by 0.24 percent, while the Japan's Nikkei by 1.33 percent in early trade.
The US Dow Jones Industrial Average had ended 0.23 percent higher in previous session on Friday.