Sensex up 103 points on value buying
Expectations of better earnings from some blue-chips, including SBI and Sun Pharma, to be announced later in the day influenced trading sentiment.
The benchmark BSE Sensex recovered over 103 points in early trade today on value-buying by investors after two sessions of losses amid a mixed trend at other Asian markets.
Expectations of better earnings from some blue-chips, including SBI and Sun Pharma, to be announced later in the day influenced trading sentiment.
The 30-share index rose 103.40 points, or 0.36%, to 28,205.12, with IT, realty, consumer durables, healthcare, PSU and banking stocks driving the recovery.
The gauge had lost 196.41 points in the previous two sessions.
Also, the NSE Nifty ruled firm, up 30.65 points, or 0.35%, at 8,556.25 in early trade.
Brokers said investors sought bargains in recently beaten-down blue-chip stocks amid hopes of passage of the key GST bill in Parliament, which lifted mood.
The government has listed the Bill on GST for discussion in the Rajya Sabha today.
Asian bourses stayed mixed tracking overnight gains in US markets.
Hong Kong's Hang Seng rose 0.64% while Japan's Nikkei shed 0.23% in early trade today.
The US Dow Jones Industrial Average ended 1.39% higher in yesterday's trade.