Wednesday , November 30 2016
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Sensex recovers 104 points on F&O expiry, positive global cues

SENSEX

Mumbai: The benchmark BSE Sensex recovered 104 points to 25,879.72 in early trade on Thursday on short-covering by participants on November series expiry in the derivatives contracts and positive global cues.

The 30-share index was trading higher by 103.98 points, or 0.40 percent, to 25,879.72. The gauge had lost 92.75 points in the previous two sessions.

Markets remained closed yesterday on account of “Gurunanak Jayanti”.

Besides, value-buying in consumer durables, realty, FMCG, IT and metal stocks positively impacted trading sentiment.

The NSE Nifty rose by 26.75 points, or 0.34 percent, to 7,858.35 in early trade.

Brokers said short-covering by participants as today being the last trading session of November contracts in the derivatives segment supported the market.

A firming trend at other Asian bourses on easing tensions over Turkey’s shooting down of a Russian warplane and broadly upbeat US economic data also sparked buying on domestic markets, they said.

Among other Asian markets, Hong Kong’s Hang Seng firmed up 0.92 percent while Japan’s Nikkei moved higher by 0.56 percent in early trade today. Shanghai composite Index was up 0.11 percent.

The US Dow Jones Industrial Average ended 0.01 percent higher in yesterday’s trade.

PTI