December 4, 2012 11:48 AM

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Sensex recovers; quoting at 19,328, up 23pts

The BSE benchmark Sensex recoveredby 23 points after showing initial losses in the late morning trade on the back of fresh buying mainly in realty, refinery, power and healthcare sectors in view of persistent capitalinflows from foreign funds despite weak Asian cues.The Sensex resumed lower at 19,277.58 and eased further to 19,274.03 as investors preferred to adopt a cautiousapproach ahead of the vote on FDI in Parliament.However, it recovered afterwards to 19,359.49 before quoting at 19,328.34 at 1035 hrs, showing a gain of 23.02points from its last close.The NSE 50-share Nifty also moved up by 6.70 points or 0.11 pct to 5,877.65 at 1035 hrs.Foreign institutional investors (FIIs) bought shares worth a net Rs 302.67 crore yesterday as per provisional data from the stock exchanges.Asian stocks lost ground in the early trade after some weak global manufacturing data contrasted with earlier numbers showing improvement at Chinese factories.Key benchmark indices in Singapore, South Korea, Japan, China, Taiwan and Indonesia were down by 0.17 per cent to 0.66 per cent while Hong Kong's Hang Seng rose 0.06 per cent.

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