Sensex up on fresh buying in blue-chip stocks

Market benchmark Sensex recovered over 99 points and its NSE counterpart Nifty retook the 7,800-mark in early session today on a fresh spell of buying in select blue-chips even as regulator Sebi tightened its guidelines to check any misuse of P-Notes. 

A firming trend in rest of Asia lifted sentiment here, brokers said. 

The 30-share index was trading up 99.23 points, or 0.39%, at 25,498.95, with IT, consumer durables, capital goods, technology, power, auto and banking staying in the
green. 

The gauge had fallen 379.89 points in the previous two sessions. 

The NSE Nifty-50 index was trading higher by 27.70 points, or 0.35%, at 7,811.10. 

Sebi yesterday made rules tougher on controversy-ridden P-Notes, making mandatory for all end-users of these overseas instruments to follow anti-money laundering law in India and asked their issuers to report any suspected breach immediately. 

Hong Kong's Hang Seng climbed 1.06% while Japan's Nikkei was up 0.24% in early trade today. China's main Shanghai Composite gained 0.10%. 

The US Dow Jones Industrial Average ended 0.52% lower in yesterday's trade.