Sensex up 55 points in opening trade on Asian cues

Sensex upMumbai: The benchmark BSE Sensex recovered over 55 points in early trade on Monday on the back of fresh buying by funds and retail investors amid positive cues from other Asian markets.

The 30-share barometer rose by 55.08 points, or 0.21 percent, to 26,181.83 with stocks of healthcare, capital goods, banking, metal and power sectors leading the recovery.

The index had lost over 145.10 points in Friday session after FIIs and domestic funds took some profit in recent outperformers.

Similarly, the National Stock Exchange index Nifty moved up by 9.45 points, or 0.12 percent, to 7,799.90.

Brokers said fresh buying by funds and retail investors, though selective, tracking a firming trend on the other Asian bourses helped trading sentiment to improve.

Stock of Larsen and Toubro rose 0.59 percent to Rs 1,666.05 ahead of quarterly earnings.

Among other Asian markets, Hong Kong's Hang Seng index rose by 1.04 percent, while Japan's Nikkei moved up by 0.47 percent in early trade.--PTI