Sensex recovers 57 pts ahead of F&O expiry

Benchmark BSE Sensex rebounded over 57 points in early trade today on sustained buying by domestic institutional investors amid mixed trend in other Asian bourses.

Short-covering of bets today being the last session of April expiry in the derivatives segment supported the recovery.

Asian markets were mixed as robust corporate earnings helped Wall Street calm concerns over the surge in US bond yields.

The 30-share Sensex recovered 57.35 points, or 0.16 per cent, to trade 34,558.62 in opening session. It had lost 115.37 points in the previous session.

Realty, metal, healthcare, infrastructure, auto,FMCG and power sectors led the recovery.

The NSE Nifty was also trading higher by 32.70 points, or 0.30 per cent, at 10,586.90.

Brokers said sustained buying by domestic institutional investors and a mixed trend at other Asian bourses, tracking overnight gains at Wall Street, mainly influenced sentiment here.

Major gainers were M&M, TCS, Tata Steel, Sun Pharma, Yes Bank, RIL, HUL, Infosys, HDFC Bank, SBI, Asian Paints, Maruti Suzuki, IndusInd Bank, Bajaj Auto, Power Grids and Dr Reddy's, with gains of up to 0.98 per cent.

However, Wipro, tumbled 3.62 per cent to Rs 276.80