Markets recover from previous losses, Sensex up 93 pts

 A benchmark index of the equities markets on Wednesday recovered by over 93 points in early trade on emergence of buying by funds and retail investors amid a firming trend in other Asian bourses.

Besides, covering-up of short positions by speculators also helped trading sentiments to improve.

Snapping a five-day losing streak, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose by 93.40 points, or 0.51 percent, to 18,319.88 points, with all the sectoral indices, led by realty and metal, trading in positive zone, rising up to 0.98 percent. The index had lost nearly 815 points in the previous five sessions.

The wide-based Nifty of the National Stock Exchange, regained 5,500 points level by recovering 22.15 points, or 0.40 per cent, to trade at 5,517.25.

In other Asian markets, Japan's Nikkei index rose by 0.73 percent, while Hong Kong's Hang Seng gained 0.34 percent in early trade on Wednesday.

The US Dow Jones Industrial Average ended 0.41 per cent higher on Tuesday.