STOCK MARKET BSE NSE

Sensex Recovers 143 Points on Value Buying, Positive Asian Cues

The gauge had lost 537.55 points in the previous session amid worries over China\'s economic slowdown and geopolitical tensions in the Middle East.

Published: 05th January 2016 10:12 AM  |   Last Updated: 05th January 2016 10:12 AM   |  A+A-

By PTI

MUMBAI: The benchmark BSE Sensex rebounded over 143 points and the NSE Nifty regained the 7,800-mark in early trade today on value-buying in select blue-chips amid a firming trend at other Asian bourses.

Besides, covering-up of short positions by speculators supported the recovery.

The 30-share index was trading higher by 143.41 points or 0.55 per cent at 25,766.76 with all sectoral indices led by realty, power and oil&gas leading the recovery.

The gauge had lost 537.55 points in the previous session amid worries over China's economic slowdown and geopolitical tensions in the Middle East.

Besides, the NSE Nifty reclaimed the 7,800-mark by recovering 39.30 points or 0.50 per cent to 7,830.60.

Brokers said value-buying in yesterday's beaten-down blue-chips along with covering-up of short positions by speculators influenced trading sentiments.

Furthermore, a moderate recovery in Chinese shares and other Asian markets supported the rebound on the domestic market here.

Among other Asian markets, Shanghai Composite index was up 0.33 per cent, while Japan's Nikkei rose 0.41 per cent in early trade today. Hong Kong's Hang Seng index was also trading a shade higher.

The US Dow Jones Industrial Average fell 1.58 per cent in yesterday's trade.

More from Business.

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp