Sensex recovers 117 points on value-buying, Asian cues

The benchmark BSE Sensex rebounded over 117 points in early trade on Tuesday, after two sessions of losses, on value-buying by investors in select blue-chips amid a recovery at Asian markets despite the ongoing Greece crisis.

The 30-share index recouped 117.80 points, or 0.42%, to 27,762.95, with FMCG, realty, metal, consumer durables, healthcare and oil & gas sectors leading the recovery.

The gauge had lost 250.82 points in the previous two sessions on the worsening Greece's debt situation.

Also, the NSE Nifty was up 34.65 points, or 0.42%, at 8,353.05 in early trade.

Brokers said value-buying in select blue-chip stocks, coupled with a slightly better trend at other Asian markets after the previous day's rout on Greece concerns, influenced sentiment here.

Among Asian markets, Hong Kong's Hang Seng gained 0.79% while Japan's Nikkei rose 0.11% in early trade.

The US Dow Jones Industrial Average, however, fell 1.95% in yesterday's trade.