Sensex recovers over 200 pts in early trade

Mumbai, May 7 (PTI) The benchmark BSE Sensex recovered over 200 points Tuesday led by gains in banking and IT stocks despite weak global cues.

The 30-share index was trading 169.69 points, or 0.44 per cent, higher at 38,770.03.Similarly, the broader NSE Nifty was up 38.70 points, or 0.33 per cent, at 11,636.95.

Also Read: Rupee rises 4 paise to 69.36 vs USD in early trade 

Also Read | Sensex starts on a weak note; Yes Bank recovers 4 pc

In the previous session on Monday, the BSE bourse settled at 38,600.34, down 362.92 points or 0.93 per cent. The broader NSE Nifty ended the day at 11,598.25, losing 114 points or 0.97 per cent.

On the currency front, the rupee was trading flat at 69.40 against the US dollar.

Also Read | Rupee rises 15 paise to 69.45 vs USD in early trade

Brent crude futures, the global oil benchmark, were trading 0.21 per cent lower at USD 71.09 per barrel.

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