Mumbai: Market benchmark Sensex went up by about 39 points in early trade today on selective buying amid expiry of December futures and options (F&O) contracts even as Asian cues remained mixed.
Covering-up of pending short positions with on Thursday being this year’s last session of the expiry in the derivatives segment supported the upside, traders said.
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The 30-share index, which had shed 2.76 points in the previous session, recovered by 38.76 points, or 0.15%, at 26,249.44.
Oil and gas, IT, metal, PSU, healthcare, power, consumer durables and realty stocks were bright spots, giving sentiment a lift.
The NSE index Nifty was also trading higher by 13.85 points, or 0.17%, at 8,048.70.
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Globally, Hong Kong’s Hang Seng was up 0.05% and Shanghai Composite edged higher 0.22% in early trade on Thursday while Japan’s Nikkei shed 0.98 per cent.
The US Dow Jones Industrial Average ended 0.56% lower on Wednesday.
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