Sensex up 65 points in early trade

The BSE benchmark Sensex gained over 65 points in early trade on Wednesday on the back of gains in stocks of IT, oil and gas and metal sectors, amid a firming Asian trend.

The 30-share barometer, which had lost 9.68 points in Tuesday’s volatile trade, recovered by 65.74 points, or 0.35 per cent, to 18,395.06.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.45 points, or 0.04 per cent, to 5,574.00.

Brokers said selective buying by major players amid a firming trend in Asian markets on hopes that the United States will avoid a ‘fiscal cliff’ and Greece will get its much-needed bailout, helped trading sentiments improve.

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