Sensex gains 95 points in opening trade

Mumbai, Feb 21 (PTI) The Bombay Stock Exchange, benchmark
Indian Sensex rose by over 95 points in opening trade Monday
after witnessing a sharp fall in the previous session on the
back of selective buying by funds and retail investors,
ignoring a weak trend on other Asian bourses.
The Sensex, which had lost 295.30 points in the previous
session on Friday, rose by 95.23 points, or 0.52 per cent, to
18,306.75 Monday, with capital goods, IT and oil and gas
stocks leading the recovery.
Similarly, the broad-based National Stock Exchange Nifty
index moved up by 24.60 points, or 0.45 per cent, to 5,483.55
points.
Marketmen said the emergence of buying at select counters
and covering-up of pending short positions by speculators
ahead of monthly expiry in the derivatives segment on Thursday
mainly influenced the trading sentiment.
They said, however, the ongoing probe into the 2G
spectrum scam and a weak trend on other Asian bourses capped
the gains.
In the Asian region, Hong Kong's Hang Seng was down by
0.56 per cent, while Japan's Nikkei shed 0.20 per cent in
early trade today.