Sensex recovers by 57 points in morning trade

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Mumbai, Jun 25: The benchmark BSE Sensex recovered by 57 points in late morning trade on fresh buying in capital goods, healthcare, refinery, power and auto stocks.

Key benchmark indices had edged lower in early trade due to sustained selling in consumer durable, IT, FMCG, and banking shares amid tracking weakness in Asian markets and overnight slide at the Wall Street.

The market breadth indicating the overall health of the market was positive.

The Sensex resumed lower at 27,660.22 and traded in a range of 27,800.33 and 27,635.76 before quoting 27,786.39 at 10.30 hrs, a rise of 56.72 points or 0.20 per cent.

The 50-share Nifty also moved up by 6.85 points 0.08 per cent to 8,367.70 at 1030 hrs.

Major gainers were, HDFC up by 1.50 per cent, Vedanta by 1.05 per cent and Bharti Airtel by 1.04 per cent.

However, M&M fell 1.39 per cent, followed by Cipla 1.28 per cent, ONGC 0.85 per cent, ITC 0.85 per cent and ICICI bank by 0.76 per cent.

Meanwhile, foreign investors bought shares worth Rs 92.57 crore yesterday, as per provisional data.

The Indian stocks may remain volatile today as traders roll over positions in the futures and options (F&O) segment from the near month series to July 2015 series.

Key indices in Japan, Hong Kong, Singapore, South Korea and Indonesia were off 0.04 to 0.44 per cent. Indices in China and Taiwan were up 0.43 to 0.85 per cent.

In New York market, the US stocks closed lower yesterday.

 

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