Sensex recovers 117 points on value-buying by investors

Mumbai: The benchmark BSE Sensex reboundedover 117 points in early trade, after two sessions of losses, on value-buying by investors in select blue-chips amid a recovery at Asian markets despite the ongoing Greece crisis.

The 30-share index recouped 117.80 points, or 0.42 per cent, to 27,762.95, with FMCG, realty, metal, consumer durables, healthcare and oil & gas sectors leading the recovery. The gauge had lost 250.82 points in the previous two sessions on the worsening Greece's debt situation. Also, the NSE Nifty was up 34.65 points, or 0.42 per cent, at 8,353.05 in early trade.

Brokers said value-buying in select blue-chip stocks, coupled with a slightly better trend at other Asian markets after the previous day's rout on Greece concerns, influenced sentiment here. Among Asian markets, Hong Kong's Hang Seng gained 0.79 per cent while Japan's Nikkei rose 0.11 per cent in early trade today. The US Dow Jones Industrial Average, however, fell 1.95 per cent in yesterday's trade.