Snapping a two-day losing streak, the Sensex recovered by
over 27 points in early trade on Thursday on emergence of buying by funds and
retail investors in select stocks at existing levels amid a firming trend at
other Asian bourses.
The 30-share barometer, which had lost over 517 points in
the previous two sessions, rose 27.35 points, or 0.15%, to 18,692.23 on the
back of recovery in auto, realty and consumer durable stocks.
Similarly, the broad-based National Stock Exchange index
Nifty, gained 6.30 points, or 0.11%, to 5,525.40.
Brokers said selective buying by participants at prevailing
lower levels amid a firm trend in other Asian bourses, helped sentiments to
improve.
Besides, covering-up of short positions by speculators also
supported the recovery, they said.
Meanwhile in the Asian region, Hong Kong's Hang Seng index
was up by 0.51% and Japan's Nikkei by 0.73% in early morning trade.
The US Dow Jones Industrial Average ended 0.31% lower in
Wednesday's trade.