Sensex recovers 77 points driven by overseas cues
FMCG, oil & gas, PSUs, realty, banking, consumer durables and capital goods led the recovery. State-owned SBI was trading 2.02% higher at Rs 295.20 ahead of its quarterly earnings.
The benchmark BSE Sensex recovered by over 77 points in early trade today on buying at prevailing levels by investors amid a firming trend at other Asian markets.
The 30-share index, which had lost 27.86 points in the previous volatile session, rose 77.80 points, or 0.27%, to 27,887.15.
FMCG, oil & gas, PSUs, realty, banking, consumer durables and capital goods led the recovery. State-owned SBI was trading 2.02% higher at Rs 295.20 ahead of its quarterly earnings.
On similar lines, the NSE Nifty was up 19.35 points, or 0.22%, at 8,440.35 in early trade.
Brokers said emergence of buying by participants following another record close on US markets as rate hike expectations eased influenced sentiment here.
Among other Asian markets, Japan's Nikkei rose 0.03% while Hong Kong Hang Seng gained 1.42% in early trade today.