MUMBAI: The BSE benchmark index Sensex recovered by nearly 57 points in early trade on Thursday on selective buying by funds.
The 30-share index, which had lost 283.36 points in Wednesday session, recovered by 56.79 points, or 0.31 per cent to 18,202.04 points.
The wide-based National Stock Exchange Nifty index moved up by 12.80 points, or 0.23 per cent, to 5,518.15.
Brokers said besides selective buying by funds, covering-up of pending short positions by speculators on the last session of current month expiry in the derivatives segment, helped stocks to trade in the positive zone. Stocks of IT and fast moving consumer goods sectors were in good demand, supporting the Sensex.
Rupee down 5 paise
The rupee fell marginally by 5 paise to 49.27 against the US dollar on the Interbank Foreign Exchange market in early trade on Thursday, following increased demand for the American currency from importers.
Category: Stock Markets