Zee Media Bureau
The BSE Sensex on Thursday gained nearly 100 points in early trade on selective buying in oil, IT and healthcare stocks ahead of industrial output data for April to be released later in the day.
The 30-share index, which had retreated from record high by losing almost 110 points in the last session, recovered 89.40 points, or 0.35 percent, to 25,563.29 in early trade.
The National Stock Exchange Nifty moved up by 17.25 points, or 0.23 per cent, to 7,644.10. It breached 7,700 level for the first time yesterday.
Brokers said fresh buying by funds and retail investors ahead of of industrial production data for April and Consumer Price Index Inflation for May to be released later in the day contributed to the gains.
Stocks of IT, healthcare, oil & gas and metal sectors led the gains.
Oil major ONGC was trading up by 2.11 percent, Hindalco by 1.78 percent and CIPLA by 1.62 percent
Infosys, which announced appointment of new CEO and MD today, was trading up by 1.14 percent.
Brokers said a weakening trend on the other Asian markets following overnight losses on the US bourses, limited the gains on the domestic markets here.
Among other Asian markets, Hong Kong's Hang Seng was down 0.80 percent while Japan's Nikkei fell 0.84 percent in early trade today.
The US Dow Jones Industrial Average ended 0.60 percent lower in yesterday's trade.
With agency inputs
