Business

Sensex bounces 224 pts in early trade on positive Asian cues

Sensex bounces 224 pts in early trade on positive Asian cues

TIL Desk/Business/Mumbai/ The benchmark BSE Sensex recovered about 224 points and the NSE Nifty regained the 10,200 mark in early trade today on fresh buying by investors amid a firm trend in Asian markets.

The 30-share barometer, which had lost 194.39 points on the first day of Samvat 2074 in special ‘Muhurat’ session on Thursday, was trading higher by 223.86 points or 0.69 per cent at 32,613.82.

All sectoral indices led by oil & gas, teck, metal and IT were trading in the green with gains of up to 1.07. The NSE Nifty was quoting 61.95 points or 0.61 per cent higher at 10,208.50.

Brokers said emergence of buying by investors on hopes of encouraging quarterly earnings from some more blue chip companies and a firming trend at other Asian markets as Japanese Prime Minister Shinzo Abe’s landslide in a weekend snap election influenced sentiments here.

Besides, unabated buying by domestic institutional investors (DIIs), too supported the rebound, they added.

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