Sensex bounces 58 points in early trade

The BSE Sensex recovered by 58 points in early trade today on fresh buying by investors and foreign funds on hopes of passage of the GST bill in Rajya Sabha amid mixed global cues.

The 30-share index rose 58.07 points or 0.20 per cent to 27,804.73 with the sectoral indices led by metal, realty, oil&gas, auto and healthcare, rising by up to 0.68 per cent. The NSE Nifty also moved up by 17.25 points or 0.20 per cent to 8,525.95.

Brokers said a stronger possibility of passage of the deadlocked GST Bill in Rajya Sabha and a mixed trend in other Asian markets following another record high closing in the US, influenced sentiment here.

Japan’s Nikkei went up by 0.47 per cent while Hong Kong’s Hang Seng was down 0.63 per cent in early trade. Shanghai Composite index shed 0.57 points in early trade today. The US Dow Jones Industrial Average ended 0.09 per cent higher in yesterday’s trade.