The BSE Sensex recovered about 51 points and the NSE Nifty scaled the 8,900-mark in early trade today as investors took to buying ahead of GDP data scheduled to be released later in the day amid firm global cues.
The 30-share index was trading higher by 50.53 points or 0.18 percent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 percent.
The gauge had lost 80.09 points in the previous session.
The NSE Nifty too was up 13.80 points, or 0.16 percent, to 8,910.50.
The 30-share index was trading higher by 50.53 points or 0.18 percent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 percent.
The gauge had lost 80.09 points in the previous session.
The NSE Nifty too was up 13.80 points, or 0.16 percent, to 8,910.50.
Brokers said buying by domestic institutional investors took off well today alongside a firming trend in other Asian markets. US President Donald Trump's speech at a joint session of Congress later in the day will also be keenly watched.
Among other Asian markets, Hong Kong's Hang Seng was up 0.02 percent, Japan's Nikkei gained 0.69 percent, while Shanghai Composite Index was up 0.13 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.08 percent higher in yesterday's trade.
The S&P BSE benchmark Sensex trimmed its early gains in late morning trade and was quoting higher by 3 points on renewed selling pressure in refinery stocks despite buying in Capital Goods, Auto, Banking and Healthcare sectors. Foreign capital outflows affected the market sentiment.
Foreign funds sold shares net of Rs 145.55 crore yesterday as per the provisional data issued by stock exchanges. The Sensex resumed higher at 28,825.19 and firmed up further to 28,876.54 on initial buying but fell afterwards to 28,797.21 before quoting at 28,816.13 at 1030hrs, still showing a gain of 3.25 points, or 0.01 pct.
The NSE 50-share Nifty eased by 2.65 points, or 0.03 per cent, to quote at 8,894.05 at 1030hrs. Major losers were Coal India 2.09 pct, Bajaj Auto 0.81 pct, HUL 0.68 pct. Tata Motors 0.55 pct and TCS 0.54 pct. However, Bharti Airtel firmed up by 1.08 pct, SBI 0.82 pct, Adani Ports 0.81 pct, Larsen 0.74 pct and Maruti 0.71 pct.
In the overseas market, most Asian shares rose today in early trade bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending.
US stocks pushed further into record territory on yesterday as the Dow Jones industrial average closed at a record high. The Standard & Poor's 500 index also closed at a record high.
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