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BW Businessworld

Sensex Gains 93 Points In Early Trade

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The benchmark Bombay Stock Exchange (BSE) Sensex recovered over 93 points in early trade on 17 December on emergence of buying by funds at existing levels amid a firming Asian trend.

Snapping its five-day long losing streak, the 30-share barometer gained by 93.51 points, or 0.45 per cent, to 20,753.03 with auto, capital goods, realty, consumer durables and metal sector stocks leading the recovery. The index had lost over 667 points in the last five sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 27.00 points, or 0.44 per cent, to 6,181.70.

Brokers said emergence of buying by funds at prevailing levels amid a firming trend in the Asian region in line with overnight gains on the US markets following upbeat factory output data ahead of Federal Reserve meeting, mainly influenced the trading sentiments.

In the Asian region, Japan's Nikkei spurted by 1.01 per cent, while Hong Kong's Hang Seng index gained 0.72 per cent in early trade.

The US Dow Jones Industrial Average ended 0.82 per cent higher in Monday's trade.