Sensex recovers by 66 points on fresh buying
The BSE benchmark Sensex was up by 66 points in early trade on Friday on fresh buying in capital goods, auto, consumer durables and metal stocks amid mixed Asian cues.
Early trade was marked by volatility, with the key benchmark index initially trading in the red. The market breadth was positive.
The BSE benchmark Sensex resumed higher at 16,975.79 and firmed up further to 17,021.26 before quoting at 17,002.83 at 1015 hours, a net gain of 65.94 points, or 0.39 per cent, from its previous close.
The NSE's 50-share Nifty Index also moved up by 13.50 points, or 0.27 per cent, to 5,105.40 at 10.15 am.
Asian shares were mixed in Friday trade, with investors cautious ahead of this weekend's crucial meetings on Europe's debt crisis.
The key benchmark indices in Hong Kong, South Korea, and Singapore were up by between 0.15 per cent and 1 per cent.
However, market indices in China, Japan, Indonesia and Taiwan were down by between 0.08 per cent and 0.5 per cent.
Trading in US index futures indicated that the Dow could gain 32 points at the opening bell on Friday.
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