Market recovers 228 points on firming global trend

MUMBAI: The Bombay Stock Exchange benchmark Sensex recovered by over 228 points in early trade today on revival of buying by funds at existing lower levels amid firming global trends.

The 30-share index, which had lost 143.45 points in previous trade, rose by 228.62 points to 17,699.65 points in the first five minutes of trading.

The wide-based National Stock Exchange's Nifty rose by 68.40 points to 5,309.50 points at the same time.

Marketmen said trading sentiment turned bullish on firming trend in the Asian region guided by higher closing in the US market on Wednesday night. The Japanese Nikkei rose by 2.67%.

They said major support to the market came in from metal, IT and realty stocks.