Sensex tracks Asian peers, opens 78 points higher

[caption id=“attachment_11550” align=“alignright” width=“380” caption=“Sensex opens positive on global cues. AFP”] [/caption]

Mumbai: The Bombay Stock Exchange benchmark Sensex recovered by over 78 points in the opening trade on Wednesday on emergence of selective buying by funds and retail investors amid a firming trend on other Asian bourses.

The 30-share barometer, which has lost almost 394 points in the previous two sessions, recovered by 78.54 points, or 0.43%, to 18,215.89 in opening trade, with stocks of the metals, capital goods, realty and banking sectors leading the recovery. The wide-based National Stock Exchange index Nifty also moved up by 17.85 points, or 0.33%, to 5,456.80.

Brokers said fresh buying by funds and investors at prevailing levels and a firming trend on other Asian bourses mainly helped the trading sentiment to improve, but rising interest rates remained a dampening factor. Meanwhile, Hong Kong’s Hang Seng Index rose by 0.03% and Japan’s Nikkei by 0.88% in early trade today.

In the US, the Dow Jones Industrial Average ended 0.55% lower in yesterday’s mixed trade.

PTI