Sensex recovers 77 points driven by overseas cues

Image
Press Trust of India Mumbai
Last Updated : May 22 2015 | 9:57 AM IST
The benchmark BSE Sensex recovered by over 77 points in early trade today on buying at prevailing levels by investors amid a firming trend at other Asian markets.
The 30-share index, which had lost 27.86 points in the previous volatile session, rose 77.80 points, or 0.27 per cent, to 27,887.15.
FMCG, oil & gas, PSUs, realty, banking, consumer durables and capital goods led the recovery.
State-owned SBI was trading 2.02 per cent higher at Rs 295.20 ahead of its quarterly earnings.
On similar lines, the NSE Nifty was up 19.35 points, or 0.22 per cent, at 8,440.35 in early trade.
Brokers said emergence of buying by participants following another record close on US markets as rate hike expectations eased influenced sentiment here.
Among other Asian markets, Japan's Nikkei rose 0.03 per cent while Hong Kong Hang Seng gained 1.42 per cent in early trade today.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 22 2015 | 9:57 AM IST

Next Story