| The benchmark BSE Sensex gained over 148 points and the NSE Nifty regained the 7,700-mark in early trade on Monday on value-buying by investors in select blue-chips. Besides, covering-up of short positions by speculators supported the recovery, brokers said. The 30-share index was trading higher by 148.11 points, or 0.59%, at 25,350.01, with consumer durables, realty, auto, banking, IT and FMCG sector stocks leading the recovery. The gauge had lost 562.88 points in the previous session to close at nearly 14-month lows amid lacklustre global cues following caution over US payrolls data. On similar lines, the NSE Nifty reclaimed the 7,700-mark by recovering 50.00 points, or 0.65%, at 7,705.05 in early trade. Brokers said value-buying in recently beaten down select blue-chip stocks along with covering-up of short positions by speculators influenced trading sentiments. Furthermore, a moderate recovery in Chinese shares on the first day of trade after an extended holiday weekend, influenced trading sentiments, they said. Among Asian markets, Japan's Nikkei rose 0.55%, while Shanghai Composite index up 0.77% in early trade on Monday. Hong Kong's Hang Seng index was trading 0.13% down. The US Dow Jones Industrial Average fell 1.66% on Friday. |