Mumbai: The benchmark BSE Sensex gained over 76 points in early trade today on emergence of buying by funds and retail investors amid a mixed trend in other Asian markets. Besides, optimistic buying by participants ahead of the release of fourth quarter earnings by India’s largest software services company TCS, influenced market sentiments.
The 30-share index, which had lost 244.75 points in the previous session, recovered by 76.54 points, or 0.27 per cent, at 28,876.23 with oil & gas, consumer durables, PSU, auto and tech sector stocks, leading the recovery. On similar lines, the National Stock Exchange index Nifty edged higher by 9.80 points, or 0.11 per cent, at 8,760. Brokers said besides expectations of better Q4 earnings from TCS, to be released later in the day, a mixed trend in the Asian region after the US shares rose overnight, influenced the sentiments here.
TCS shares were trading higher by 0.38 per cent at Rs 2,634.90 in early trade. Among other Asian markets, Hong Kong’s Hang Seng was up by 0.31 per cent while Japan’s Nikkei shed 0.48 per cent in early trade today. The US Dow Jones Industrial Average gained 0.42 per cent in yesterday’s trade.
