Sensex recovers 53 points

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Sensex recovers 53 pointsThe benchmark BSE sensex jumped 53 points in the early trade on Monday on sustained buying by investors ahead of the RBI’s monetary policy review amid a mixed trend overseas.

The 30-share index, which had gained 342.28 points in the previous two sessions largely on expectations of a rate cut by the Reserve Bank, rose 53.54 points, or 0.19%, to 27,902.53, with IT, technology, consumer durables, healthcare, auto, metal and capital sector stocks leading the rise.

Similarly, the NSE Nifty was up 11.95 points, or 0.14%, at 8,445.35.

Brokers said besides a mixed global trend and selective buying by funds and retail investors ahead of Reserve Bank’s monetary policy to be announced later in the day influenced sentiment.

Among other Asian markets, Japan’s Nikkei was trading higher by 0.17% while Hong Kong’s Hang Seng index shed 0.45% in early trade today.