Mumbai:  The BSE benchmark Sensex on Friday recovered by almost 149 points in early trade on buying by funds and retail investors after the government notified its decision to allow FDI in the multi-brand retail sector.

The 30-share barometer, which had lost nearly 193 points in the past two sessions, recovered by 148.57 points, or 0.81 percent, to 18,497.82 points with all the sectoral indices led by capital goods and realty, were trading in positive zone with gains up to 1.32 percent.

The wide-based National Stock Exchange index Nifty, regained psychological the 5,600-level, by rising 47.95 points, or 0.86 percent, to trade at 5,602.20.

Brokers said emergence of buying by funds as well as retail investors after the government went ahead implementing its decisions to allow FDI in multi-brand retail and liberalise foreign investment in aviation and broadcasting sectors, buoyed the trading sentiment.

Further, a firm trend in the Asian region, too, supported the recovery here, they said.

In the Asian region, Japan's Nikkei was up by 0.61 percent, while Hong Kong's Hang Seng gained 0.52 percent in early trade on Friday. The US Dow Jones Industrial Average ended 0.14 percent higher in Thursday’s trade.


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