Sensex gains 37 points on selective buying

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The BSE benchmark Sensex recovered by nearly 37 points in early trade on Monday, on selective buying by funds and retailers.

The 30-share barometer, which had lost nearly 130 points in the previous session, rose by 36.99 points, or 0.21 per cent, to 17,410.83.

The wide-based National Stock Exchange index Nifty also moved up by 11.90 points, or 0.22 per cent, to 5,302.75.

Brokers said emergence of buying by funds and retail investors at select index-related stocks helped Sensex to trade in the positive zone.

Stocks of RIL, country’s most valued company, traded 0.44 per cent higher at Rs. 734.65 despite it posted 21 per cent dip in fourth quarter earnings which was reported after the close of trading hours on Friday.

In the Asian region, Japan’s Nikkei rose by 0.40 per cent, while Hong Kong’s Hang Seng index was being quoted 0.33 per cent lower in early trade.

The U.S. Dow Jones Industrial Average ended 0.50 per cent higher in the previous session on Friday.

Sun 22 Apr, 2012,10:05:11 PM

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