The benchmark BSE Sensex on Wednesday recovered nearly 123 points in early trade on emergence of buying by funds and retail investors amid a firming Asian trend.
The 30-share barometer, which had lost 101.33 points in Tuesday’s trade, recovered by 122.79 points, or 0.58 per cent, to 21,155.67 with Metal, PSU, IT and realty sector stocks leading the recovery.
The National Stock Exchange index Nifty moved up 40.40 points, or 0.65 per cent, to 6,282.25.
Brokers said fresh buying by funds and retail investors tracking positive cues from other Asian bourses following overnight gains at the US market on strong retail data mainly influenced the trading sentiments here.
Shares of state-owned Coal India were in demand after the company announced an interim dividend of Rs 29 per share. CIL stock was trading 2.17 per cent higher at Rs 296.20.
In the Asian region, Hong Kong’s Hang Seng rose 0.65 per cent while Japan’s Nikkei was up 1.77 per cent in early trade on Wednesday.
The US Dow Jones Industrial Average ended higher by 0.71 per cent in Tuesday’s trade.