Mumbai: Market benchmark Sensex today started the day on a positive note after it recovered over 88 points and the NSE Nifty regained the 8,700-mark on Monday on fresh buying amid higher Asian cues.
The 30-share index was trading higher by 88.13 points, or 0.31%, at 28,165.31, with banking, oil, and gas, power, capital goods and auto stocks seeing some investor interest, with gains up to 0.71%.
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The gauge had lost 52.66 points in the previous session on Friday due to heightened prospects of a US rate hike.
Also, the NSE Nifty rose 23.75 points, or 0.27%, to 8,716.80.
Brokers said fresh buying by investors as well as funds in select blue chips amid an uptrend in Asia gave sentiment a lift.
Hong Kong’s Hang Seng was up 0.42% while Japan’s Nikkei gained 0.02% in early trade on Monday. The Shanghai Composite Index was quoting 0.42% higher.
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The US Dow Jones Industrial Average, however, ended marginally lower by 0.09% on Friday.