The BSE benchmark Sensex gained over 65 points in early trade on Wednesday on the back of gains in stocks of IT, oil and gas and metal sectors, amid a firming Asian trend.
The 30-share barometer, which had lost 9.68 points in Tuesday’s volatile trade, recovered by 65.74 points, or
0.35%, to 18,395.06.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.45 points, or 0.04%, to 5,574.00.
Brokers said selective buying by major players amid a firming trend in Asian markets on hopes that the United States will avoid a ‘fiscal cliff’ and Greece will get its much-needed bailout, helped trading sentiments improve.
Meanwhile, in Asia, Hong Kong’s Hang Seng index rose by 0.67%, while Japan’s Nikkei by 1.02% in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.06% lower in Tuesday’s trade.
PTI