Sensex recovers 148 points in early trade on value buying

September 07, 2015 10:10

The benchmark BSE Sensex rebounded over 148 points and the NSE Nifty regained the 7,700-mark in early trade today on value-buying by investors in select blue-chips.

Besides, covering-up of short positions by speculators supported the recovery, brokers said.

The 30-share index was trading higher by 148.11 points, or 0.59 per cent, at 25,350.01, with consumer durables, realty, auto, banking, IT and FMCG sector stocks leading the recovery.

The gauge had lost 562.88 points in the previous session to close at nearly 14-month lows amid lacklustre global cues following caution over US payrolls data.

On similar lines, the NSE Nifty reclaimed the 7,700-mark by recovering 50.00 points, or 0.65 per cent, at 7,705.05 in early trade.

Brokers said value-buying in recently beaten down select blue-chip stocks along with covering-up of short positions by speculators influenced trading sentiments.

Furthermore, a moderate recovery in Chinese shares on the first day of trade after an extended holiday weekend, influenced trading sentiments, they said.

« Back to LIVE

TOP STORIES

From HUL to Britannia, FMCG companies continue to lag India Inc peers

Big, listed FMCG (fast-moving consumer goods) companies such as Hindustan Unilever, ITC, Nestl, and Britannia have been top-performing stocks on the bourses in recent weeks. The Nifty FMCG index, which tracks the share prices of the...

'Tell Modi We Waited'

The MNS chief started his speech with the name of Nehru, then paused. After a few tense seconds, he resumed: "After Nehru, here is the only politician who will be PM for the third term."

Will come to BJP HQ, jail whoever you want: Kejriwal dares Modi

Kejriwal asserted that his party could not be crushed by sending its leaders to jail.

Impact Player rule has disrupted balance of game: Kohli

Virat Kohli has criticised the Impact Player substitution rule and said it is 'disrupting the balance' of the game.

Will win by a bigger margin, says Brij Bhushan's son

Karan Bhushan rejects the charges against his father, saying the "allegations are political and made up. We will challenge them in court".