Sensex recovers over 92 points in early trade
The 30-share barometer, which had lost 54.01 points in previous session, recovered by 92.87 points, or 0.34 per cent, to 27,178.80 in early trade.
Similarly, the broad-based National Stock Exchange index Nifty traded above 8,100-mark by gaining 21.10 points, or 0.26 per cent, to 8,117.05.
Brokers said fresh buying by foreign funds and retail investors on the back of mild recovery in sectors such as IT, teck, metal and banking, coupled with positive Asian trend, mainly influenced the trading sentiment.
Major gainers among the 30 Sensex stocks were Infosys, TCS, Wipro, Larsen and Toubro and SBI, helping the key indices to trade in positive zone.
Meanwhile in Asia, Hong Kong’s Hang Seng index rose by 0.23 per cent, while Japan’s Nikkei moved up by 0.17 per cent in the early trade.
Rupee down 7 paise against dollar in early trade
The rupee fell by 7 paise to 60.43 against the US dollar in early trade today at the Interbank Foreign Exchange market due to increased demand for the US currency from importers.
Forex dealers said besides the dollar’s gains against other currencies overseas, increased demand from importers for the American unit put pressure on the rupee but a higher opening in the domestic equity market capped losses.
The rupee ended at one-month high by gaining 13 paise at 60.39 against the dollar yesterday on sustained selling of the US currency.
Meanwhile, the benchmark BSE Sensex rose 69.32 points, or 0.25 per cent, to 27,155.25 in early trade.