Sensex recoups 100 points, value-based buying drives show

July 03, 2015 10:51 am | Updated 11:05 am IST - Mumbai

The benchmark Sensex rose over 100 points to trade above the 28,000 mark in early trade on Friday as value-based buying in consumer durables, healthcare, power, capital goods and auto sectors took the recovery forward.

With this, the index brushed off losses in other Asian markets ahead of the Greece referendum.

The 30-share gauge, which had lost 75.07 points in Thursday's volatile session, recovered 100.95 points, or 0.36 per cent, at 28,046.75.

Similarly, the 50-share Nifty edged up 23.50 points, or 0.28 per cent, to 8,468.40 in early trade.

Brokers said fresh buying by investors at prevailing levels and RBI Governor's statement on Thursday that India's exposure to Greece is limited influenced sentiment.

They said, however, a weak trend at other Asian markets due to uncertainties surrounding the Greece referendum limited the gains in the domestic bourses here.

Among other Asian markets, Japan's Nikkei fell 0.44 per cent while Hong Kong's Hang Seng shed 0.27 per cent in early trade on Friday.

The US Dow Jones Industrial Average ended 0.16 per cent lower in Thursday's trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.