The Bombay Stock Exchange benchmark Sensex today recovered by over 48 points in opening trade, after yesterday’s losses on fresh buying by funds and retail investors amid short-covering by speculators ahead of tomorrow’s expiry in the derivatives segment.
The Sensex, which lost 49.10 points in yesterday’s volatile trade, gained 48.59 points to 17,179.67 in opening trade. While, the wide—based National Stock Exchange index Nifty also moved up by 12.35 points to trade above 5,100 points level at 5,102.90.
Brokers said besides covering-up of short positions by speculators ahead of tomorrow’s monthly expiry in the derivatives segment, fresh purchases at select heavy-weight stocks by funds, also helped sentiments to improve.
Stocks of auto, PSU and realty were major gainers, supporting the Sensex to trade in positive zone with moderate gains. Among auto stocks, Maruti Suzuki continued its upward march and gathered another 1.54 per cent to Rs 1,624 as its sales rose for ninth consecutive month this year.
Besides this, Mahindra and Mahindra rose 2.04 per cent to Rs 1,089.20, Tata Motors by 0.64 per cent to Rs 653.70 and Hero Honda by 1.36 per cent to Rs 1,711.
Other gainers were Reliance Industries by 0.50 per cent to Rs 2,186.95, Rcom by 0.40 per cent to Rs 174.15, Sterlite Industries by 1.11 per cent to Rs 864, Tata Steel by 0.76 per cent to Rs 561.65, Infosys Technologies by 0.14 per cent to Rs 2,429.10 and Tata Power by 0.29 per cent to Rs 1,336.
