The BSE benchmark Sensex rose by over 98 points in early trade on Wednesday as stocks of realty and IT sectors led recovery on fresh buying by funds and retailers amid a firm trend in Asian region.

The 30-share barometer, which had lost 135.85 points in the previous session, rebounded by 98.07 points, or 0.53 per cent, to 18,675.77.

All the sectoral indices led by realty traded in positive zone with gains of up to 1.34 per cent.

On the similar lines, the wide-based National Stock Exchange index, Nifty moved up by 28.45 points, or 0.50 per cent, to 5676.45.

Brokers said fresh buying by participants amid a firm trend in Asian region in line with overnight gains on European and US markets following Moody’s decision not to downgrade Spain’s credit rating and positive US economic data, mainly led the recovery on the domestic bourses here.

In Asian region, Hong Kong’s Hang Seng index rose 0.91 per cent, while Japan’s Nikkei gained 1.33 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.95 per cent higher on Tuesday.


Sensex loses early gains to end 33 points up October 17, 2012

More In: Business | Markets