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Sensex up 91 points in early trade

Monday, 2 June 2014 - 10:01am IST | Place: Mumbai | Agency: PTI

The benchmark Bombay Stock Exchange​ (BSE)  Sensex recovered over 91 points in early trade on Monday as funds and retail investors made fresh buying on the back of strong corporate earnings.

Snapping its two-day losing streak, the 30-share barometer rose 91.06 points, or 0.38%, to 24,308.40, on gains in capital goods, PSUs, oil & gas, realty and power sector stocksThe gauge had lost 338.75 points in the past two sessions.

Similarly, the National Stock Exchange (NSE) index Nifty moved up by 25.35 points, or 0.35%, to 7,255.30.

Brokers said fresh buying by participants, triggered by Larsen and Toubro's strong earnings, helped the Sensex to trade in positive territory even as the country's economic growth data for 2013-14 are disappointing. The L&T stock was trading 4.06% higher at Rs 1,611.85.

India's economic growth remained subdued at 4.7% in 2013-14 and at 4.6% in the fourth quarter of FY'14. Among other Asian markets, Japan's Nikkei was trading 1.79% higher while financial markets in Hong Kong are closed today for a public holiday.

The US Dow Jones Industrial Average ended 0.11% higher in Friday's trade. 

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