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Sensex recovers 85 pts on Sep F&O series take-off

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Mumbai, Aug 26 (PTI) The benchmark BSE Sensex recoveredby nearly 85 points and the Nifty reclaimed 8,600-mark inearly trade today on fresh buying by investors as theSeptember derivative contracts started on a solid note amidmixed Asian cues. However, investors have been cautious for the past fewsessions awaiting US Federal Reserve Chair Janet Yellen’sspeech today that will give indication about the US rate hikesgoing ahead. The 30-share Sensex, which lost 224.03 points in theprevious session, recouped 84.81 points, or 0.30 per cent, at27,920.72. All sectoral indices of BSE led by consumer durables,metal and oil and gas were in the positive zone, rising by upto 0.68 per cent. The NSE Nifty went up by 24.60 points, or 0.28 per cent,to 8,616.80. Brokers said build-up of bets following the beginning ofthe September futures and options (F&O) series amid mixedtrend at other Asian markets influenced trading sentiment. In Asia, Hong Kong’s Hang Seng was up 0.57 per cent,Shanghai Composite rose 0.60 per cent, while Japan’s Nikkeished 0.65 per cent cent in early trade. The US markets ended 0.18 per cent lower in yesterday’strade. PTI KPS DPMKJ

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