Sensex rebounds in early trade; regains 18,500-level

Sensex rebounds in early trade; regains 18,500-level Mumbai: The BSE benchmark Sensex recovered by over 45 points in early trade Friday on fresh buying by funds and retailers after five sessions of losses due to profit-booking.

The 30-share barometer, which lost over 431 points in the past five trading days, rose by 45.13 points, or 0.24 percent, to 18,516.50, led by gains in stocks of realty, consumer durables and power sectors.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 7.90 points, or 0.14 percent, to 5,638.90.

Brokers said fresh round of buying by major players largely in select heavy-weight stocks amid a firming trend in Asian markets helped trading sentiments improve.

Meanwhile, in Asia, Hong Kong's Hang Seng index rose 0.45 percent, while Japan's Nikkei gained 1.88 percent.

The US Dow Jones Industrial Average ended 0.23 percent lower in yesterday's trade as fiscal woes continued to dent confidence.

PTI