Sensex up over 180 pts in early trade ahead of Economic Survey

Brokers said fresh buying by investors as well as foreign funds buoyed trading sentiments here.

The benchmark BSE Sensex recovered over 180 points in early trade on Friday on emergence of buying by funds-and-retail investors ahead of the release of Economic Survey later in the day.

Further, beginning of March series in the derivatives segment, supported the upside in stock prices.

The 30-share index, which had lost 261.34 points on Thursday, recovered by 180.91 points, or 0.63 per cent, to 28,927.56, with stocks of capital goods, metal, healthcare, auto, banking, consumer durables and power sectors, leading the recovery.

On similar lines, the National Stock Exchange index Nifty recaptured the 8,700-mark by rising 57.15 points, or 0.66 per cent, to 8,741.

Brokers said fresh buying by investors as well as foreign funds ahead of Economic Survey to be released later in the day and the Saturday's Union Budget, buoyed trading sentiments here.

Besides, a firming trend at the other Asian markets triggered buying activity here, they added.

Among other Asian markets, Hong Kong’s Hang Seng was up by 0.62 per cent, while Japan’s Nikkei gained 0.15 per cent in early trade on Friday.

The U.S. Dow Jones Industrial Average ended 0.06 per cent lower in Thursday’s trade.