Sensex up 121pts in early trade on recovery in Re, global cues

The BSE benchmark Sensex today recovered by over 121 points in early trade on the back of fresh buying by participants triggered by a firming trend on other Asian bourses and recovery in the rupee.
The 30-share index gained 121.53 points, or 0.63 per cent, to trade at 19,446.30, with all the sectoral indices led by realty, banking and capital goods rising up to 0.93 per cent. Sensex had lost 171.05 points yesterday.
The wide-based National Stock Exchange index Nifty rose by 38.90 points, or 0.67 per cent, to trade higher at 5,850.45.
Brokers said fresh buying by funds and retail investors, tracking a firming trend on other Asian bourses, following overnight gains in the US markets, supported the trading sentiment here.

Besides, recovery in the rupee to 60.13 against the dollar also triggered buying activity, they said.
In Asia, Hong Kong's Hang Seng index rose by 0.14 per cent, while Japan's Nikkei was up by 1.16 per cent in early trade.
The US Dow Jones Industrial Average ended 0.59 per cent higher yesterday.