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Sensex gains by 95 points

Mumbai: The BSE benchmark Sensex rose by over 95 points in opening trade today after witnessing a sharp fall in the previous session on the back of selective buying by funds and retail investors, ignoring a weak trend on other Asian bourses.

The Sensex, which had lost 295.30 points in the previous session on Friday, rose by 95.23 points, or 0.52 per cent, to 18,306.75 today, with capital goods, IT and oil and gas stocks leading the recovery.

Similarly, the broad-based National Stock Exchange Nifty index moved up by 24.60 points, or 0.45 per cent, to 5,483.55 points.

Marketmen said the emergence of buying at select counters and covering-up of pending short positions by speculators ahead of monthly expiry in the derivatives segment on Thursday mainly influenced the trading sentiment.

They said, however, the ongoing probe into the 2G spectrum scam and a weak trend on other Asian bourses capped the gains.

In the Asian region, Hong Kong`s Hang Seng was down by 0.56 per cent, while Japan`s Nikkei shed 0.20 per cent in early trade today.

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