Sensex up 113 points in early trade on selective buying

The BSE benchmark Sensex today rose nearly 113 points in early trade after two sessions of losses on emergence of selective buying by funds amid a mixed trend in the Asian region.

The 30-share barometer gained 112.57 points, or 0.57 per cent, to 19,723.05 with healtchare, capital goods, realty and oil and gas sector stocks leading the recovery. The index had lost nearly 605 points in the previous two sessions on weak GDP numbers, weak auto sales figures and global cues.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 18.80 points, or 0.32 per cent, to 5,958.10.

Brokers said fresh buying by participants, though selective, largely in line with a mixed trend on the other Asian boures and overnight gains in the US stocks, influenced the trading sentiment.

Meanwhile, in Asia, Japan's Nikkei rose by 1.21 per cent, while Hong Kong's Hang Seng index shed 0.26 per cent in early trade. The US Dow Jones Industrial Average ended 0.92 per cent lower in previous session despite a poor manufacturing report.