Sensex Gains 65 Points in Early Trade on Asian Cues

Sunday, May 13, 2012
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Bangalore: The BSE benchmark Sensex gained over 65 points in early trade, snapping a four-session losing streak, on emergence of buying by funds and retail investors, though selective, at lower levels amid a better trend in other Asian bourses.

The 30-share barometer, which had lost nearly 620 points in the last four sessions, recovered by 65.09 points, or 0.40 percent, to 16,358.07 points with realty, metal and auto sector stocks leading the recover.

The wide-based National Stock Exchange index Nifty also moved up by 18.15 points, or 0.36 percent, to 4,947.05.

Brokers said emergence of buying by funds and retail investors at existing lower levels amid a firm trend in Asian markets and hopes of easing inflation data, to be released on Monday, helped the trading sentiment to improve.

In the Asian region, Hong Kong's Hang Seng Index rose by 0.07 percent, while Japan's Nikkei index was up by 0.10 percent in the morning trade.

Source: PTI
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