Markets snap 6-day losing streak; Sensex still below 26K-mark

Zee Media Bureau

New Delhi: The benchmark Sensex failed to hold the 26,000-mark in early trade Tuesday.

The 30-share Sensex was, however, quoting higher by 104.49 points, or 0.41 percent, at 25,869.63. The Sensex had lost 1,752.54 points in the previous six sessions.

The Nifty too was trading up by 43.25 points or 0.55 percent at 7,972.35.

Emergence of buying by investors coupled with a better trend in other regional markets following overnight gains in the US and European equity markets influenced sentiments.

Moreover, sustained buying by domestic institutional investors too supported the recovery.

Among other Asian markets, Hong Kong’s Hang Seng was up 1.37 percent, while Shanghai Composite Index gained 0.66 percent in early trade today. Japan’s Nikkei also gained 0.04 percent.

The US Dow Jones Industrial Average ended 0.47 percent higher in yesterday’s trade.

With Agency Inputs