Mumbai: In range-bound movements, the BSE benchmark Sensex rose marginally by almost 14 points in early trade on Thursday on selective buying by funds and retailers.

Traders said covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment on Thursday also influenced the sentiment.

The 30-share barometer, which had lost 72.03 points in on Wednesday's trade, recovered by 13.61 points, or 0.08 percent, to 16,859.66 with stocks of healthcare, consumer durables and FMCG sectors trading the positive zone.

Similarly, the wide-based National Stock Exchange index Nifty was trading 2.60 points, or 0.05 percent, higher at 5,112.20.

Overnight gains on the US markets on the back of strong corporate earnings also had a positive impact, brokers said.

Meanwhile, in the Asian region, Japan's Nikkei was up by 0.51 percent, while Hong Kong's Hang Seng index shed 0.23 percent.

The US Dow Jones Industrial Average ended 0.47 percent higher in on Wednesday's trade.

(Agencies)

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