Mumbai, April 10: The BSE benchmark Sensex on Wednesday recovered by 16.49 points on Wednesday on emergence of buying by funds and retail investors amid a firming trend in other Asian bourses.
Besides, covering-up of short positions by speculators also helped trading sentiments to improve.
At 10:42 am, the 30-share index rose by 16.49 points, or 0.09 per cent to 18242.97 points, with all the sectoral indices, led by realty and metal, trading in positive zone, rising up to 0.98 per cent. The index had lost nearly 815 points in the previous five sessions.
The wide-based Nifty of the National Stock Exchange, regained 5,500 points level by recovering 4.15 points, or 0.08 per cent, to trade at 5499.25.
Brokers said emergence of buying by funds as well as retail investors at prevailing levels amid a better trend on other Asian bourses after US markets closed at fresh record high on Tuesday, mainly buoyed the trading sentiment here.
In other Asian markets, Japan's Nikkei index rose by 0.73 per cent, while Hong Kong's Hang Seng gained 0.34 per cent in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.41 per cent higher on Tuesday.
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