Sensex up 91 points in early trade

June 02, 2014 10:13

The benchmark BSE Sensex recovered over 91 points in early trade today as funds and retail investors made fresh buying on the back of strong corporate earnings.

Snapping its two-day losing streak, the 30-share barometer rose 91.06 points, or 0.38 per cent, to 24,308.40, on gains in capital goods, PSUs, oil & gas, realty and power sector stocks.

The gauge had lost 338.75 points in the past two sessions.

Similarly, the National Stock Exchange index Nifty moved up by 25.35 points, or 0.35 per cent, to 7,255.30.

Brokers said fresh buying by participants, triggered by Larsen and Toubro's strong earnings, helped the Sensex to trade in positive territory even as the country's economic growth data for 2013-14 are disappointing.

The L&T stock was trading 4.06 per cent higher at Rs 1,611.85.

India's economic growth remained subdued at 4.7 per cent in 2013-14 and at 4.6 per cent in the fourth quarter of FY'14.

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