In the early morning trade today the BSE Sensex recovered. At around 10:23 am the BSE Sensex trades higher by 188 points, or 0.65%, to 29,021, while the Nifty 50 rises 56 points, or 0.63%, to 8,953.

The NSE Nifty was trading higher by 37.95 points, or 0.42%, at 8,935.50. 

Brokers as per the sources news said that Brokers said that besides buying by retail investors, pumping of funds into the market by domestic institutional investors too contributed to the recovery. 

Reliance Industries Ltd shares rise 3.4% to Rs 1301.05 a share. Auto stocks trade higher. Maruti Suzuki India Ltd shares rise 1.3%, Mahindra & Mahindra Ltd 1.3%, Tata Motors Ltd 1.1%, Bajaj Auto 1%, Hero MotoCorp Ltd 0.8%.

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