Sensex up 161 points in early trade; IT stocks lead recovery

MUMBAI: The BSE benchmark Sensex on Wednesday recovered over 161 points in early trade after Tuesday's steep fall, on the back of rally in IT, healthcare and metal sector stocks due to fresh buying by funds and retail investors.

The 30-share barometer rose 161.31 points, or 0.88 per cent, to 18,395.97, supported by increased buying in beaten down bluechip stocks. The index had lost 651.47 points yesterday.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 45.55 points, or 0.85 per cent, to 5,387.00.