Sensex Up 147 Points on Value Buying, Global Cues


Mumbai: The benchmark BSE Sensex recovered by over 147 points to 25,785.53 in early trade today mainly driven by value buying in bluechip stocks coupled with positive global cues.

The broader NSE Nifty regained the 7,800-level.

The mood brightened on firming trend at other Asian markets, tracking weekend gains in the U.S.

The 30-share index, which had lost 531.30 points in the previous three sessions, recovered 147.42 points or 0.55 percent to 25,785.53 with all the sectoral indices rising up to 1.13 percent on across-the-board buying.

Also, the NSE Nifty recaptured the crucial 7,800-mark by bouncing 32.15 points or 0.41 percent at 7,814.05.

Brokers said value-based buying in bluechips after recent losses and a firm trend at other Asian bourses, following solid gains on Wall Street after a strong U.S. jobs report last week buoyed trading sentiments.

Besides, optimism over the GST Bill, too triggered fresh round of buying, they said.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.33 percent while Shanghai Composite index rose 0.49 per in early trade today. Japan's Nikkei rose 1.50 percent.

The U.S. Dow Jones Industrial Average had surged 2.12 percent in Friday's trade.

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Source: PTI