Sensex recovers by 35 points in early trade

May 21, 2013 10:02

The BSE benchmark index Sensex today recovered by over 35 points in early trade on selective buying by funds and retail investors in banking, IT and oil stocks.

The 30-share index, which had lost 62.14 points in the previous session, rose by 35.41 points, or 0.18 per cent, to 20,259.39 points.

The wide-based National Stock Exchange index Nifty gained 8.85 points, or 0.14 per cent, to trade at 6,165.75 points.

Brokers said fresh buying by funds and retail investors after yesterday's profit-booking helped select stocks to stage a comeback.

They said a weak trend in the Asian region following overnight losses at the US market limited the gains.

Among gainers, Reliance Industries was up by 0.74 per cent, HDFC by 1.14 per cent and ICICI Bank by 0.36 per cent.

IT majors Infosys, Wipro and TCS posted gains of up to 1.20 per cent in early trade.

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