Sensex up 55 points in opening trade on Asian cues

July 28, 2014 09:56 am | Updated April 22, 2016 02:55 am IST - Mumbai

The benchmark BSE Sensex recovered over 55 points in early trade on Monday on the back of fresh buying by funds and retail investors amid positive cues from other Asian markets.

The 30-share barometer rose by 55.08 points, or 0.21 per cent, to 26,181.83 with stocks of healthcare, capital goods, banking, metal and power sectors leading the recovery.

The index had lost over 145.10 points in Friday session after FIIs and domestic funds took some profit in recent outperformers.

Similarly, the National Stock Exchange index Nifty moved up by 9.45 points, or 0.12 per cent, to 7,799.90.

Brokers said fresh buying by funds and retail investors, though selective, tracking a firming trend on the other Asian bourses helped trading sentiment to improve.

Stock of Larsen and Toubro rose 0.59 per cent to Rs 1,666.05 ahead of quarterly earnings.

Among other Asian markets, Hong Kong’s Hang Seng index rose by 1.04 per cent, while Japan’s Nikkei moved up by 0.47 per cent in early trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.