Mumbai: The benchmark BSE Sensex recovered over 147 points in early trade on fresh buying by investors in blue-chip stocks amid a firm trend in Asia.
The 30-share index rebounded by 147.50 points, or 0.50%, to 29,315.18.
The index had closed at near two-week low of 29,167.68 on Wednesday after falling by 318 points — its biggest loss in a single day since December 2. The barometer had lost a total 481.31 points in previous three sessions.
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All the sectoral indices, led by capital goods, oil&gas and metal, were trading positive, rising up to 0.92%.
The NSE index Nifty was also trading higher 45.90 points, or 0.50%, at 9,076.35.
Brokers said investors turned net buyers amid a firm trend on Asian bourses.
Larsen & Toubro, GAIL and Hero Motocorp were among the major gainers with gains of up to 1.8%.
Tata Motors, Reliance Industries, ICICI Bank and Maruti Suzuki India rose up to 1 per cent in early trade.
Axis Bank also rose close to 1% after it debunked rumours of resignation of its CEO.
Hong Kong’s Hang Seng was up 0.13% and Japan’s Nikkei rose 0.14% while Shanghai Composite gained 0.27% in early trade on Thursday.
The Dow Jones Industrial Average, however, ended 0.03% lower on Wednesday.