The BSE benchmark Sensex recovered by over 116 points in early trade today as power sector stockssurged on fresh buying by funds and retailers after the government cleared proposal to restructure debt worth nearly 2 lakh crore rupees for state electricity boards. The 30-share barometer, which lost 79 points yesterday, rose by over 116 points to 18,790.Similarly, the wide-based National Stock Exchange index Nifty moved up by 33 points to 5,703 points.Meanwhile, in Asian region, Japan's Nikkei was up by 0.21 per cent, while Hong Kong's Hang Seng index shed 0.20 per cent. The US Dow Jones Industrial Average ended 0.15 per cent lower in yesterday's trade.
News On AIR | September 25, 2012 9:50 AM
Sensex rises over 100pts to trade at 18,790 in morning deals