Sensex recovers 30 points in cautious early trade

Market benchmark Sensex opened on a cautious note to recover over 30 points in early trade on Wednesday on fresh buying by investors in select bluechips amid foreign fund inflows.

However, sentiment remained jittery on mixed Asian cues as investors remained cautious ahead of Thursday’s crucial referendum that will decide whether Britain will stay in the European Union or not.

The 30-share index was trading higher by 30.41 points or 0.11% to 26,843.19 with realty, consumer durables, healthcare, power, PSU, capital goods and banking stocks leading the recovery.

The gauge had lost 54.14 points yesterday on profit-booking in recent gainers amid caution ahead of crucial British referendum vote.

The NSE Nifty was up 5.95 points or 0.07% at 8,225.85 in early trade.

Brokers said buying by investors in select bluechip stocks coupled with a mixed trend in other regional markets following overnight gains in the US influenced sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng index was up 0.34%, Shanghai Composite Index rose 0.49%, while Japan came down 1.03% in early trade today.

The US Dow Jones Industrial Average ended 0.14% higher in Tuesday’s trade.