Sensex recovers 30 points in cautious early trade

Market benchmark Sensex opened on a cautious note to recover over 30 points in early trade today on fresh buying by investors in select bluechips amid foreign fund inflows.

However, sentiment remained jittery on mixed Asian cues as investors remained cautious ahead of tomorrow’s crucial referendum that will decide whether Britain will stay in the European Union or not.

The 30-share index was trading higher by 30.41 points or 0.11 per cent to 26,843.19 with realty, consumer durables, healthcare, power, PSU, capital goods and banking stocks leading the recovery.

The gauge had lost 54.14 points yesterday on profit-booking in recent gainers amid caution ahead of crucial British referendum vote.

The NSE Nifty was up 5.95 points or 0.07 per cent at 8,225.85 in early trade.

Brokers said buying by investors in select bluechip stocks coupled with a mixed trend in other regional markets following overnight gains in the US influenced sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng index was up 0.34 per cent, Shanghai Composite Index rose 0.49 per cent, while Japan came down 1.03 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.14 per cent higher in yesterday’s trade.