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Sensex up 64 points in early trade

Mumbai (PTI): The benchmark BSE Sensex gained 64 points in early trade today on the back of selective buying by funds and retailers amid a firming trend on other Asian bourses.

The 30-share barometer, which had lost 42.29 points yesterday, recovered by 63.95 points, or 0.31 per cent, to 20,398.22, led by gains in auto, tech, consumer durables and capital goods sector stocks.

On similar lines, the National Stock Exchange index Nifty moved up by 15.45 points, or 0.26 per cent, to 6,068.90.

Brokers said besides a firming trend in the Asian region which is in line with overnight gains in the US markets, expectations of better industrial production (IIP) data for December, mainly triggered buying by funds and retail investors.

Among other Asian markets, Hong Kong’s Hang Seng was up by 0.21 per cent in early trade. Japan’s markets are closed today for a public holiday.

The US Dow Jones Industrial Average ended 0.05 per cent higher yesterday.

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