BSE Sensex rises 87 points

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The benchmark BSE Sensex rose over 87 points in early trade on Wednesday as stocks of healthcare, IT and realty sectors saw heavy buying on covering-up of short positions by speculators ahead of Thursday’s monthly expiry in derivatives segment amid a mixed trend at other Asian bourses.

The 30-share index, which had lost 574.66 points in the previous five consecutive sessions, gained 87.88 points, or 0.31%, to 28,249.60.

On similar lines, the National Stock Exchange index Nifty edged up by 30.80 points, or 0.36%, to 8,573.75.

Brokers said apart from value buying in some bluechip stocks, covering-up of short positions by speculators in view of March’s derivatives expiry on Thursday and a mixed trend at other Asian markets influenced the sentiments.

Among other Asian markets, Hong Kong Hang Seng was up by 0.51%, while Japan’s Nikkei shed 0.73% in early trade on Wednesday.

The US Dow Jones Industrial Average ended 0.58% lower in Tuesday’s trade.

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