Sensex recovers 73 points on better earnings by bluechips
Mumbai : The benchmark BSE Sensex rose by over 73 points in early trade today on fresh buying in IT, oil and gas, banking and auto stocks after better than expected earnings by bluechips.
The 30-share index was trading higher by 73.30 points or 0.26 per cent at 27,380.13 points. The barometer had shed 58.09 in volatile trade yesterday.
Also, the National Stock Exchange index Nifty edged up by 18.70 points, or 0.23 per cent at 8,280.35.
Brokers said sentiment turned better after HeroMoto Corp posted encouraging earnings yesterday.
Shares of HeroMoto Corp were trading over 2 per cent higher after company reported 1.13 per cent rise in standalone net profit at Rs 772.06 crore for the second quarter ended September 30.
Among other gainers, Bharti Airtel rose by 2.1 per cent, Reliance by 1.1 per cent, while banking stocks like Axis Bank, ICICI and HDFC Bank rose up to 1 per cent.
Infosys and TCS were also trading in the positive zone. Among other Asian markets, Japan’s Nikkei was up 0.81 per cent and Shanghahi composite index shed 0.17 per cent in early trade today. Hong Kong market are closed today for a public holiday.
The US Dow Jones Industrial Average ended 0.08 per cent lower in yesterday’s trade.