Sensex up by 91 points in early trade

Mumbai: The benchmark BSE Sensex recovered over 91 points in early trade on Monday, as funds and retail investors made fresh buying on the back of strong corporate earnings. Snapping its two-day losing streak, the 30-share  barometer rose 91.06 points, or 0.38 per cent, to 24,308.40, on gains in capital goods, PSUs, oil & gas, realty and power sector stocks. The gauge had lost 338.75 points in the past two  sessions. Similarly, the National Stock Exchange index Nifty moved up by 25.35 points, or 0.35 per cent, to 7,255.30.  

Brokers said fresh buying by participants, triggered by Larsen and Toubro's strong earnings, helped the Sensex to  trade in positive territory even as the country's economic   growth data for 2013-14 are disappointing. The L&T stock was trading 4.06 per cent higher at Rs 1,611.85. India's economic growth remained subdued at 4.7 per cent   in 2013-14 and at 4.6 per cent in the fourth quarter of FY'14. Among other Asian markets, Japan's Nikkei was trading 1.79 per cent higher.

The US Dow Jones Industrial Average ended 0.11 per cent higher in Friday's trade.