Sensex recoups 218 pts, Nifty reclaims 9,800 in early trade
The BSE benchmark Sensex rebounded
over 218 points and the NSE Nifty went past the 9,800-mark in
early trade today on fresh buying by investors amid a firming
trend in Asian markets.
The 30-share index was trading higher by 218.19 points,
or 0.70 per cent, to 31,477.04 with the sectoral indices led
by oil & gas, metal, IT, consumer durables, teck, PSU,
healthcare and auto leading the recovery.
The gauge had lost 536.61 points in the previous two
The NSE Nifty was up 74.10 points, or 0.75 per cent, at
9,828.45 in early trade.
Brokers said emergence of buying coupled with a positive
trend in other regional markets following overnight gains in
the US influenced sentiments here.
Stocks of Infosys, country's second largest software
exporter, which had crashed over 15 per cent in the past two
sessions after Vishal Sikka's surprise resignation last Friday
as CEO, recovered by 1.05 per cent to trade at Rs 882.70.
Other big gainers were Lupin, Axis Bank, Wipro, Tata
Motors, Sun pharma, Hindustan Unilever, ONGC, Coal India,
Cipla, Dr Reddy's, Bharti Airtel and Reliance Industries,
rising by up to 1.62 per cent.
Among other Asian markets, Hong Kong's Hang Seng was up
1.06 per cent, while Shanghai Composite Index gained 0.15 per
cent in early trade today. Japan's Nikkei too rose 0.07 per
The US Dow Jones Industrial Average ended 0.13 per cent
higher in yesterday's trade.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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