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Sensex snaps 2-day losing streak, recovers 43 points to 26,273

The BSE benchmark Sensex recovered 43 points in early trade on Friday, snapping its tow-day losing streak, on fresh buying by investors in select blue-chips even as most Asian markets retreated after Italy's Prime Minister resigned following a heavy referendum defeat.


Sensex snaps 2-day losing streak, recovers 43 points to  26,273

Mumbai, : The BSE benchmark Sensex recovered 43 points in early trade on Friday, snapping its tow-day losing streak, on fresh buying by investors in select blue-chips even as most Asian markets retreated after Italy's Prime Minister resigned following a heavy referendum defeat.

Meanwhile, rising for a fifth straight day on increased selling of the US currency by exporters and banks, the rupee firmed up 7 paise to 68.13 against the dollar in early trade,.

The 30-share index was trading higher by 42.63 points or 0.16 percent to 26,273.29 with sectoral indices led by auto, FMCG, healthcare, PSU, metal and consumer durables leading the recovery.

The gauge had lost 422.15 points in the previous two sessions.

The NSE Nifty was up 7.90 points or 0.09 percent at 8,094.70 in early trade.

Brokers said emergence of buying in select blue-chip stocks amid hopes that the RBI will lower interest rates at its policy review on Wednesday, influenced sentiments.

However, a weak trend in other Asian bourses after Italy's Prime Minister Matteo Renzi resigned following a heavy referendum defeat, foreced investors to keep their commitments restricted.

Among other Asian markets, Japan's Nikkei fell 0.64 percent, while Shanghai Composite Index was down 1.30 percent in early trade today. Hong Kong's Hang Seng fell 0.29 percent.

The US Dow Jones Industrial Average ended 0.11 percent lower in Friday's trade.

From Zee News

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