Also Read - Sensex Hits 49,000 For The First Time, Nifty Above 14,400
Mumbai, May 20: The benchmark BSE Sensex gained over 206 points and the NSE Nifty reclaimed the 8,400-mark in early trade today on across-the-board buying by funds and retail investors amid a mixed trend in other Asian markets.Besides, value-buying by participants influenced market sentiment. The 30-share index, which had lost 41.77 points in the previous volatile session, recovered 206.93 points, or 0.74 per cent, to 27,852.56, with power, banking, realty, oil & gas, technology and IT sector stocks leading the momentum. (Also read: Sensex, Nifty log first fall in 3 days on profit-booking) Also Read - Sensex Rallies Over 300 Points in Early Trade; Nifty Tops 14,200
Also, the NSE index Nifty regained the 8,400 mark by rising 59.10 points, or 0.70 per cent, to 8,424.75. Brokers said value buying by investors and foreign funds which have been selling in the past several sessions on the Indian bourses, made fresh purchases in yesterday’s trade, helped trading sentiment turn for the better. Besides, a mixed trend in Asia played its part, they said. Among other Asian markets, Japan’s Nikkei gained 0.72 per cent while Hong Kong’s Hang Seng was down 0.33 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.07 per cent higher in yesterday’s trade. Also Read - Sensex Drops Over 100 Points; Nifty Slips Below 14,1001