Sensex recovers from early losses; hovering above 19,850

Sensex recovers from early losses; hovering above 19,850 Mumbai: The BSE benchmark Sensex recovered by 43 points in late morning trade Thursday due to fresh buying in IT, realty, auto, teck and refinery sectors amid sustained foreign capital inflows.

The BSE-30 share index, Sensex, resumed higher at 19,846.42 and hovered in a range of 19,889.98 and 19,783.41 before quoting 19,860.52 points at 1030 hrs.

It showed a net gain of 42.89 points, or 0.22 percent, from its last close.

The NSE 50-share index Nifty also moved up by 1.35 points, or 0.02 percent, and quoted 6,003.20 at 1030 hrs.

Major gainers were Wipro (3.12 percent), Tata Motors (2.02 percent), Maruti Suzuki (1.15 percent), Infosys (0.69 percent), TCS (0.69 percent), and Bajaj Auto (0.55 percent).

Foreign institutional investors (FIIs) bought shares worth a net Rs 1,029.50 crore yesterday, as per provisional data from the stock exchanges.

US stocks ended mostly higher yesterday amid a wait-and -see attitude from investors, as earnings continue to roll out.

However, most Asian stocks reversed initial gains today as key benchmark indices in Hong Kong, Japan, Singapore, China and South Korea fell by 0.33 to 1.11 per cent while indices in Indonesia and Taiwan rose by 0.01 to 0.16 percent.

PTI