Sensex regains 20,000-level, recovers 72 points

Sensex regains 20,000-level, recovers 72 points Mumbai: The BSE benchmark Sensex recovered by over 72 points in early trade on Wednesday on emergence of buying by funds and retailers amid a firming Asian trend.

The 30-share barometer gained 72.48 points, or 0.36 percent, to 20,063.38. The index had lost almost 113 points in the previous two sessions.

All sectoral indices trading in the positive zone with a gain up to 0.60 percent.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 16.40 points, or 0.27 percent, to 6066.30.

Brokers said fresh buying by participants on expectations of an improvement in the liquidity in the market after the Reserve Bank reduced Cash Reserve Ratio by 0.25 percent and covering-up of short positions ahead of tomorrow's monthly expiry in the derivatives segment influenced the trading sentiments.

Besides, a firming trend in the Asian region following overnight gains on the US markets supported the trading.

Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.47 percent, while Japan's Nikkei up by 1.14 percent in early trade. The US Dow Jones Industrial Average ended 0.52 percent higher in yesterday's trade.

PTI