Sensex Rises Over 100 Points Amid Cautious Trade

The benchmark BSE Sensex recovered by over 100 points  in early trade today on buying in oil, realty, metal and PSU stocks after yesterday's sharp losses. The 30-share index rebounded by over 100 points to 31,819.99. The gauge had lost 189.98 points in the previous session in line with overall weakness across the globe fuelled by North Korea's nuclear test on Sunday.

All the sectoral indices led by oil & gas and realty were trading in the green, adding up to 0.82 per cent. The Nifty also inched closer to 9950 mark, rising about 0.30 per cent. 

Traders said small gains at other Asian markets, recovering some of the ground lost in the previous day following North Korea's nuclear test, influenced trading sentiments here.

Major gainers in the Sensex kitty included Tata Steel, Asian Paint, Reliance Industries, Adani Ports, ONGC, Dr Reddy's, Axis Bank, Kotak Bank, Maruti, Tata Motors, Cipla and L&T, rising up to 1.25 per cent.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.23 per cent while Shanghai Composite index up 0.08 per cent in early trade today. Japan's Nikkei, however, was down 0.47 per cent.

The US markets were closed yesterday for the Labor Day holiday. (With Agency Inputs)