Sensex recovers 168 points in early trade

The benchmark Sensex recovered about

168 points in early trade today on buying in realty, IT,

capital goods and banking stocks after the RBI maintained

status quo in its monetary policy review yesterday.

The 30-share index rose by 167.73 points, or 0.49 per

cent, to 34,250.44 opening trade. All the sectoral indices led

by realty, IT, healthcare and banking were trading in the

green with gains of up to 1.86 per cent.

The gauge had lost 2,200.54 points in the previous seven

sessions.

Also, the NSE Nifty rose 42.35 points or 0.40 per cent

to 10,519.05.

Major gainers that supported the recovery were Infosys,

HDFC LTD, Axis Bank, Maruti Suzuki, Yes Bank, Dr Reddy's,

SBI, Hero Motocorp and M&M, gaining up to 2.08 per cent.

Brokers said buying by domestic institutional investors

(DIIs) and a mixed trend at other Asian bourses improved the

market sentiment.

DIIs had bought shares worth Rs 461.19 crore, while

foreign funds sold shares to the tune of Rs 1,022.50 crore

yesterday.

In the Asian region, Hong Kong's Hang Seng was up 0.48

per cent while Japan's Nikkei higher 0.26 per cent in early

trade today. Shanghai Composite Index, however, shed 0.81 per

cent.

The US Dow Jones Industrial Average ended marginally

lower by 0.08 per cent yesterday.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)