The BSE benchmark index Sensex today recovered over 201 points in early trade on fresh buying by funds triggered by a firming asian trend.
Investors covering their pending short-positions created in the recent bear-run following settlement in derivatives segment,further supported the uptrend.
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The 30-share index,which had lost 77.03 points yesterday,recovered sharply by 201.36 points,or 1.098 per cent,to 18,753,48,with all sectoral indices led by oil and gas and banking sectors gaining up to 1.79 per cent.
The wide-based National Stock Exchange index Nifty rose by 58.40 points,or 1.04 per cent,to 5,647.10.
Brokers said fresh buying by funds amid a firming Asian trend following overnight gains at the US market mainly boosted the trading sentiment here.
In Asia,Hong Kong’s Hang Seng index rose by 0.58 per cent,while Japan’s Nikkei by 1.92 per cent in early trade.
The US Dow Jones Industrial Average ended 1.02 per cent higher in yesterday’s trade.