Sensex advances 50 pts as June F&O series starts

The benchmark BSE Sensex recovered over 50 points at 27,556.84 in early trade today on fresh buying by participants as the June series in the derivatives segment began amid firm Asian cues.

However, caution prevailed ahead of GDP numbers for the January-March quarter to be released in the day and disappointing earnings by more companies.

The 30-share index, which had lost 57.95 points in the previous volatile session, rose 50.13 points, or 0.18 per cent, to 27,556.84.

Buying in stocks of capital goods, healthcare, banking and realty sectors led the recovery.

On similar lines, the NSE Nifty was trading higher by 26.10 points, or 0.31 per cent, at 8,345.10.

Brokers said fresh positions built up by participants, following beginning of the June F&O series and value-buying at select counters helped trading sentiment improve.
Besides, a better trend at other Asian markets triggered buying on domestic bourses, they added.

Among other Asian markets, Japan's Nikkei gained 0.26 per cent while Hong Kong's Hang Seng was up 0.30 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.20 per cent lower in yesterday's trade.