Sensex gains 53 points in early trade

Sensex gains 53 points in early trade Mumbai: The BSE benchmark Sensex Friday gained over 53 points in early trade on fresh buying by funds and retail investors amid a firm trend in Asian markets.

The 30-share barometer rose by 53.50 points, or 0.27 percent, to 19,977.28 with stocks of auto, IT, healthcare and capital goods sectors leading the recovery. The index had lost 102.83 points Thursday.

The wide-based National Stock Exchange index, Nifty, moved up by 8.60 points, or 0.14 percent, to 6,027.95.

Brokers said the trading sentiment turned slightly better on selective buying by funds and retail investors, taking positive cues from Asian markets, following overnight gains in the US market on the back of an improvement of the weekly jobless claims data.

In Asia, Hong Kong's Hang Seng rose by 0.11 percent, while the Japan's Nikkei by 2.35 percent in early trade.

The US Dow Jones Industrial Average had ended 0.33 percent higher in yesterday's trade.

PTI