Sensex recovers 121 points as December F&O series takes off

Sensex, BSE Sensex, Sensex today, morning sensex

The benchmark BSE Sensex recovered by nearly 121 points and the Nifty reclaimed 8,000-mark in early trade today on fresh buying by investors as the December derivative contracts started on a better note amid mixed Asian cues.

However, investors have been cautious for the past few sessions as the rupee plunged to a record low of 68.86 (intra-day) against the dollar yesterday as the demonetisation after-effects played out and concerns grew about a possible Fed rate hike in the near-term.

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The 30-share Sensex, which lost 191.64 points in the previous session, recouped 120.64 points, or 0.46 percent, at 25,980.81 with sectoral indices of BSE led by metal, realty, IT, PSU and consumer durables were in the positive zone, rising by up to 1.42 percent.

The NSE Nifty went up by 42.75 points, or 0.53 percent, to 8,008.25.

Brokers said a build-up of bets following the beginning of the December futures and options (F&O) series amid the a mixed trend at other Asian markets influenced trading sentiment.

In Asia, Hong Kong’s Hang Seng was up 0.44 percent, Japan’s Nikkei 0.77 per cent, while Shanghai Composite Index shed 0.33 percent  in early trade.

The US markets remained closed yesterday for ‘Thanksgiving Day’.

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