Mumbai: Taking positive cues from global markets and covering-up of short positions by speculators, the benchmark BSE Sensex recovered by over 75 points in early trade on Friday on the back of widespread gains in blue-chips.
Besides, exports rising for the third straight month in November, spread cheer and supported the gauge’s recovery.
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The 30-share index recovered 75.48 points, or 0.28%, to 26,594.55, with sectoral indices led by consumer durables, auto, IT, realty and metal trading in the green, advancing by up to 0.66%.
The barometer lost 178.75 points in the previous two sessions.
Also, the NSE Nifty was up 25.10 points, or 0.30%, at 8,178.70.
Brokers said a fresh spell of buying triggered by a firming trend in other Asian bourses following overnight gains in the US markets, buoyed sentiment.
The country’s exports rose for the third straight month in November, recording a growth of 2.29 per cent, though the trade deficit shot up to about a two-year high of USD 13 billion mainly due to increase in gold imports.
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Elsewhere in Asia, Hong Kong’s Hang Seng was up 0.09% while Japan’s Nikkei rose 0.68% in early trade on Friday. Shanghai Composite index, however, shed 0.01per cent.
The US Dow Jones Industrial Average closed higher by 0.30% in Thursday’s trade.