Sensex rises 27 pts in early trade ahead of RBI policy review

Mumbai, July 30: The BSE benchmark Sensex on Tuesday recovered by over 27 points in early trade as funds and investors made selective buying ahead of the RBI's quarterly monetary policy review, amid a firming Asian trend.

Snapping its four-day long losing streak, the 30-share barometer gained by 27.29 points, or 0.13 percent, to 19,620.57 with capital goods, IT and banking sector stocks leading the recovery. The index had lost nearly 710 points in the last four sessions.

The wide-based National Stock Exchange index Nifty up by 11.85 points, or 0.20 percent, to 5,843.50.

Brokers said fresh buying by participants before the Reserve Bank's first quarter monetary policy review today, mainly attributed rise in stock prices.

Besides, a firming trend in the Asian region also supported the upside, they said.

In the Asian region, Hong Kong's Hang Seng index gained 0.69 percent, Japan's Nikkei up by 1.38 points in early trade on Tuesday.

The US Dow Jones Industrial Average ended 0.24 percent lower in the previous session.