Asian cues,Sensex improves 166 points on value-buying

May 03 2016 11:11 AM
Asian cues,Sensex improves 166 points on value-buying

Mumbai: 2 May 2016: Market yardstick Sensex rebounded above 166 points in early trade on Tuesday on value-buying by stockholders in select bluechips during a recovery in Asian Markets.

The 30-share directory was trading higher by 166.41 points or 0.65 % to 25,603.38 with all the sectoral indices led by auto and capital goods leading the salvage.

On Monday, the gauge had lost 169.65 points on plunge in Tokyo equities and unsatisfactory domestic corporate earnings with a down in manufacturing sector activity.

The NSE Nifty was up 57.25 points or 0.73 % at 7,863.15 in early trade.

Dealers said, “ value-buying in select bluechips coupled with a slightly better trend in other regional markets following overnight gains in the US, influenced sentiment here.”

Further said, “Besides, encouraging auto sales numbers in April triggered buying”

As per the public holiday, Japanese financial markets are shut today.

The United State Dow Jones Industrial Average ended 0.66 % higher in yesterday's trade.

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