APN News

Sensex up 52 points in early trade

The BSE benchmark index Sensex recovered by almost 52 points in early trade on Monday on buying by funds and retail investors which took cues from firming trends on the other Asian bourses.

Also encouraging quarterly earnings by some corporates also influenced the sentiments.

The Sensex, which had lost 82.06 points in the previous session, recovered by 51.99 points, or 0.29 percent to 17,800.68 points.

Similarly, the broad-based Nifty of the National Stock Exchange moved up by 8.50 points, or 0.16 percent to 5,390.10 points with oil and gas, healthcare, PSUs, consumer durables and metal stocks trading in the positive zone.

In the Asian region, the Hong Kong’s Hang Seng was up by 0.30 percent, while Japanese Nikkei was up by 0.20 percent in the morning trade on Monday.

Brokers said a firming trend on the other Asian bourses after Greece’s parliament approved a new set of austerity measures that were required by international lenders in exchange for an emergency bailout influenced the sentiment.

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