Sensex recovers 50 points in early trade
After Tuesday’s plunge, the benchmark BSE Sensex recovered over 50 points in early trade on Wednesday on selective buying by participants amid covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment.
The 30-share barometer, which had plunged 431.05 points in the previous session, rose by 50.79 points, or 0.18 per cent, to 26,826.48 with consumer durables, power, healthcare, realty, oil & gas and capital goods stocks leading the recovery.
Also, the National Stock Exchange index Nifty gained 17.00 points, or 0.21 per cent, to 8,034.55. Brokers said besides selective buying by investors, covering-up of short positions by speculators in view of tomorrow’s monthly expiry in the derivatives segment influenced the trading sentiment.
Among other Asian markets, Japan’s Nikkei fell 0.30 per cent, while Hong Kong’s Hang Seng was trading 0.38 per cent higher in early trade. The U.S. Dow Jones Industrial Average ended 0.68 per cent down in Tuesday’s trade.