Sensex up over 151 points in opening trade

Jan 10, 2012 |

mumbai

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The BSE benchmark index Sensex recovered by over 151 points in the early trade on Tuesday on buying by funds and retail investors, tracking firm Asian cues.

The 30-share index, which has lost 53 points in the previous two sessions, recovered by 151.58 points, or 0.96 per cent, to 15,966.30. In a similar fashion, the wide-based National Stock Exchange benchmark index Nifty moved up by 41.95 points, or 0.88 per cent, to 4,784.75 points.

All the sectoral indices, led by PSU, banking and oil and gas, were trading in the positive territory with gains up to 1.12 per cent. Brokers attributed the initial recovery in stocks to revival of buying by funds as well as retail investors, triggered by a firming trend on other Asian bourses, following overnight gains on the US market driven by positive economic data.

In Asia, Hong Kong's Hang Seng Index was up 0.44 per cent, while Japan's Nikkei Index rose by 0.45 per cent in the morning trade. In the US, the Dow Jones Industrial Average closed 0.27 per cent higher in Monday's trade.

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