Sensex up 55 points in opening trade on Asian cues

Mumbai, Jul 28: The benchmark Bombay Stock Exchange (BSE) Sensex recovered over 55 points in early trade Monday on the back of fresh buying by funds and retail investors amid positive cues from other Asian markets.

The 30-share barometer rose by 55.08 points, or 0.21 per cent, to 26,181.83 with stocks of healthcare, capital goods, banking, metal and power sectors leading the recovery.

The index had lost over 145.10 points in Friday session after FIIs and domestic funds took some profit in recent outperformers. Similarly, the National Stock Exchange index Nifty moved up by 9.45 points, or 0.12 per cent, to 7,799.90.

Brokers said fresh buying by funds and retail investors, though selective, tracking a firming trend on the other Asian bourses helped trading sentiment to improve. Stock of Larsen and Toubro rose 0.59 per cent to Rs 1,666.05 ahead of quarterly earnings. Among other Asian markets, Hong Kong’s Hang Seng index rose by 1.04 per cent, while Japan’s Nikkei moved up by 0.47 per cent in early trade.