Sensex up 98 pts, HCL Tech Q1 aids
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The BSE benchmark Sensex rose by over 98 points in early trade today as stocks of realty and IT sectors led recovery on fresh buying by funds and retailers amid a firm trend in Asian region.
The 30-share barometer, which had lost 135.85 points in the previous session, rebounded by 98.07 points, or 0.53 per cent, to 18,675.77.
All the sectoral indices led by realty traded in positive zone with gains of up to 1.34 per cent.
Shares in Indian software services provider HCL Technologies rose 2.5 percent in pre-open trade
On the similar lines, the wide-based National Stock Exchange index, Nifty moved up by 28.45 points, or 0.50 per cent, to 5676.45.
Brokers said fresh buying by participants amid a firm trend in Asian region in line with overnight gains on European and US markets following Moody's decision not to downgrade Spain's credit rating and positive US economic data, mainly led the recovery on the domestic boures here.
In Asian region, Hong Kong's Hang Seng index rose 0.91 per cent, while Japan's Nikkei gained 1.33 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.95 per cent higher yesterday.
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MARKETS-INDIA-STOCKS/PRE-OPEN:Indian stocks to watch-Oct 17
stocks to watch-Oct 17nx;MARKETS-INDIA-STOCKS/PRE-OPEN:Indian stocks to watch-Oct 17en
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange rose 0.66 percent. The MSCI-Asia Pacific index excluding Japan was up 0.68 percent.
* U.S. stocks rallied on Tuesday, giving the S&P 500 its best two-day advance in a month as strong earnings from Johnson & Johnson and other bellwether companies raised hopes for the rest of the U.S. reporting season.
* Asian shares rose on Wednesday as strong U.S. earnings reports brightened investor mood, while the euro hit a one-month high against the dollar as Spain dodged a bullet when Moody's Investor Service kept Madrid's investment grade rating.