Sensex up over 223 points in early trade

The 30-share index recovered 223.26 points to 20,440.65, with stocks of banking, realty, oil and gas and FMCG sectors leading the recovery 

 

 

 

The 30-share index, which had lost nearly 674 points in the previous three sessions, recovered 223.26 points, or 1.10%, to 20,440.65. Photo: Hemant Mishra/Mint

 

Mumbai: Snapping its three-day losing streak, the BSE benchmark Sensex recovered over 223 points in early trade on Monday on emergence of buying by funds amid a firming trend in other Asian markets.

The 30-share index, which had lost nearly 674 points in the previous three sessions, recovered 223.26 points, or 1.10%, to 20,440.65, with stocks of banking, realty, oil and gas and FMCG sectors leading the recovery.

The National Stock Exchange Nifty moved up by 68.75 points, or 1.15%, to 6,064.20. Brokers said emergence of buying by funds and retail investors amid a firming trend in other Asian bourses, after US markets hit another record high on Friday, mainly buoyed the trading sentiment here.

Besides, expectations of a drop in import bill after crude oil prices fell in the overseas markets, following a key deal between world powers and Iran on its controversial nuclear programme, also triggered buying activity, they said.

 

Amit kumar pandey

pgdm- 1st

from (livemint)