Sensex recovers on September F&O series take-off

Investors have been cautious for the past few sessions awaiting US Federal Reserve Chair Janet Yellen’s speech on Friday.

August 26, 2016 10:25 am | Updated 10:25 am IST - Mumbai

The benchmark BSE Sensex recovered by nearly 85 points and the Nifty reclaimed 8,600-mark in early trade on Friday on fresh buying by investors as the September derivative contracts started on a solid note amid mixed Asian cues.

However, investors have been cautious for the past few sessions awaiting US Federal Reserve Chair Janet Yellen’s speech on Friday that will give indication about the US rate hikes going ahead.

The 30-share Sensex, which lost 224.03 points in the previous session, recouped 84.81 points, or 0.30 per cent, at 27,920.72.

All sectoral indices of BSE led by consumer durables, metal and oil and gas were in the positive zone, rising by up to 0.68 per cent.

The NSE Nifty went up by 24.60 points, or 0.28 per cent, to 8,616.80.

Brokers said build-up of bets following the beginning of the September futures and options (F&O) series amid mixed trend at other Asian markets influenced trading sentiment.

In Asia, Hong Kong’s Hang Seng was up 0.57 per cent, Shanghai Composite rose 0.60 per cent, while Japan’s Nikkei shed 0.65 per cent in early trade.

The US markets ended 0.18 per cent lower in yesterday’s 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.