Sensex up 147 points on value buying, global cues

Mumbai: The benchmark BSE Sensex recovered by over 147 points to 25,785.53 in early trade today mainly driven by value buying in bluechip stocks coupled with positive global cues.

The broader NSE Nifty regained the 7,800-level.

The mood brightened on firming trend at other Asian markets, tracking weekend gains in the US.

The 30-share index, which had lost 531.30 points in the previous three sessions, recovered 147.42 points or 0.55 per cent to 25,785.53 with all the sectoral indices rising up to 1.13 per cent on across-the-board buying.

Also, the NSE Nifty recaptured the crucial 7,800-mark by bouncing 32.15 points or 0.41 per cent at 7,814.05.

Brokers said value-based buying in bluechips after recent losses and a firm trend at other Asian bourses, following solid gains on Wall Street after a strong US jobs report last week buoyed trading sentiments.

Besides, optimism over the GST Bill, too triggered fresh round of buying, they said.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.33 per cent while Shanghai Composite index rose 0.49 per in early trade today. Japan's Nikkei rose 1.50 per cent.

The US Dow Jones Industrial Average had surged 2.12 per cent in Friday's trade.