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Sensex bounces by 124 points

Mumbai: The BSE benchmark Sensex today recovered by nearly 125 points in the opening trade, after witnessing a four-session losing streak, on buying by funds and retail investors, triggered by firming trend on the other Asian bourses.

The Sensex, which had lost nearly 825 points in the previous four sessions, rose 124.30 points to 18,452.06 with metal, healthcare, capital goods and consumer durable sector stocks trading in the positive zone.

Similarly, the broad-based National Stock Exchange index Nifty, moved up by 33.25 points to 5,539.15 points.

Marketmen said emergence of buying by funds and retail investors at prevailing levels, selective gains on the other Asian markets following overnight gains at the US market, helped stocks to stage a comeback.

In the Asian region, the Hong Kong`s Hang Seng was up by 0.27 per cent, while Japanese Nikkei was up by 0.43 per cent in the morning trade today.

The US Dow Jones Industrial average ended 0.58 per cent higher in yesterday`s trade.

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