The benchmark Sensex recovered by more than 98 points in early trade today on the Bombay Stock Exchange on the back of buying by funds and retail investors in blue-chip stocks, triggered by firming Asian stock markets.
The Sensex, which had lost nearly 215 points in the last two trading sessions, was up by 98.54 points at 14,287.03.
Similarly, the wide-based National Stock Exchange’s Nifty was up by 28.85 points at 4,111.10.
Market observers said apart from funds buying short-covering by speculators in the Futures and Option (F&O) segment in view of today’s expiry of February contract helped trading sentiments to improve.
The major contributers to the rise in the Sensex were Reliance Industries, Reliance Energy, BHEL, Bajaj Auto, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI Bank, HDFC Ltd, Maruti Udyog, Infosys Technologies, Tata Consultancy Services, State Bank of India and Larsen and Toubro.