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Sensex recovers 57 points in early trade on strong Asian cues

Press Trust of India  |  Mumbai 

The benchmark recovered by almost 57 points in early trade today on the back of gains in FMCG, capital goods, PSU, power, auto and IT sector stocks amid positive Asian cues.

After falling 130.25 points in the previous session on profit-booking, the 30-share was trading in positive zone with a gain of 56.92 points, or 0.19 per cent, to 29,575.66.

Also, the broader rose by 18.05 points, or 0.19 per cent, to quote at 9,144.90.

Brokers said resumption of buying by investors coupled with continued inflow of foreign funds and a firm trend in other Asian bourses, helped indices to trade in positive terrain.

Bucking the trend, of Divi's Lab plunged nearly 20 per cent to Rs 635 following reports of US Food and Drug Administration (USFDA) issuing an import alert for its Visakhapatnam Unit.

Among other Asian markets, Hong Kong's rose by 0.27 per cent while Composite Index gained 0.22 per cent in early trade today. Seoul jumped more than one per cent while Singapore put on 0.1 per cent. Japan's Nikkei, however, was trading 0.31 per cent down.

The US Dow Jones Industrial Average ended 0.04 per cent lower in yesterday's trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 21 2017. 10:07 IST