Sensex makes early gains ahead of inflation data

July 16, 2012 10:14

The BSE benchmark Sensex recovered by nearly 69 points in early trade on Monday after three sessions of weakness on emergence of buying by funds and retailers ahead of inflation data.

The 30-share barometer, which lost nearly 405 points in the last three sessions, rose by 68.60 points, or 0.39 per cent, to 17,282.30 with realty, banking and capital goods stocks leading the recovery.

Similarly, the wide-based National Stock Exchange index Nifty was up 19.60 points, or 0.37 per cent, at 5,246.85.

Brokers said fresh buying by funds and retail investors ahead of inflation data to be released later on Monday amid hopes of encouraging first quarter earnings by leading companies influenced the trading sentiment.

Besides, a higher opening on Asian bourses also had a positive impact, they added.

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