Sensex recovers 48 points in early trade on capital inflows

Mumbai: The benchmark BSE Sensex recovered over 48 points in early trade on Friday as stocks of realty, auto, FMCG and IT sectors rose on foreign capital inflows and buying by retail investors amid a mixed trend at other Asian bourses.

The 30-share index, which had slipped from record-high by falling 68.26 points on Friday's trade, gained 48.37 points, or 0.17 %, to 27,989.01. The NSE Nifty also edged higher by 5.55 points, or 0.07 %, to 8,363.40. Brokers said sentiments remained firm on sustained foreign fund inflows and positive economic data as retail inflation eased to 5.52 % in October and industrial production grew at 2.5 % in September.

Besides, falling global crude oil prices influenced trading sentiments, they added. Among other Asian markets, Japan's Nikkei rose 0.48 %, while Hong Kong's Hang Seng shed 0.02 % in early trade today. The US Dow Jones Industrial Average closed 0.23 % higher in yesterday's trade.