MUMBAI: After Monday’s steep fall, the Bombay Stock Exchange benchmark Sensex rebounded by almost 150 points in early trade on fresh buying by funds and retail investors, triggered by rally in other Asian equity markets.
The Sensex, which plunged by 480.35 points in Monday's session, recovered by 150.43 points, or 1.57 per cent to 9,718.57 points in early trade with realty, IT and capital goods shares leading the rally in the first five minutes of trading.
The wide-based National Stock Exchange's Nifty also rose by 29.40 points, or 0.95 per cent to 3,007.5.
Stock brokers said emergence of buying by funds as well as retail investors, fueled by firming trends in other Asian bourses, helped stocks to recover on the domestic bourses.
The BSE IT sector index moved up by 1.99 per cent to 2,278.80 points as stocks like Infosys Technologies gained 2.25 per cent to Rs 1,327, Tata Consultancy Services by 2.29 per cent to Rs 534.70 and Wipro by 1.47 per cent to Rs 244.65.
Other gainers were Reliance Industries by 2.33 per cent to Rs 1,551, Reliance Infra by 2.98 per cent to Rs 517.40, RCom by 1.88 per cent to Rs 171, DLF Ltd by 2.05 per cent to Rs 168.05, Tata Steel by 4.26 per cent to Rs 204.50 and ACC by 1.25 per cent to Rs 572.
Meanwhile, Japan's Nikkei was up by 1.80 per cent, while Hong Kong's Hang Seng rose 1.5 per cent in early trade.
Source:http://timesofindia.indiatimes.com/Business/Sensex-climbs-150-points/articleshow/4337944.cms
The Sensex, which plunged by 480.35 points in Monday's session, recovered by 150.43 points, or 1.57 per cent to 9,718.57 points in early trade with realty, IT and capital goods shares leading the rally in the first five minutes of trading.
The wide-based National Stock Exchange's Nifty also rose by 29.40 points, or 0.95 per cent to 3,007.5.
Stock brokers said emergence of buying by funds as well as retail investors, fueled by firming trends in other Asian bourses, helped stocks to recover on the domestic bourses.
The BSE IT sector index moved up by 1.99 per cent to 2,278.80 points as stocks like Infosys Technologies gained 2.25 per cent to Rs 1,327, Tata Consultancy Services by 2.29 per cent to Rs 534.70 and Wipro by 1.47 per cent to Rs 244.65.
Other gainers were Reliance Industries by 2.33 per cent to Rs 1,551, Reliance Infra by 2.98 per cent to Rs 517.40, RCom by 1.88 per cent to Rs 171, DLF Ltd by 2.05 per cent to Rs 168.05, Tata Steel by 4.26 per cent to Rs 204.50 and ACC by 1.25 per cent to Rs 572.
Meanwhile, Japan's Nikkei was up by 1.80 per cent, while Hong Kong's Hang Seng rose 1.5 per cent in early trade.
Source:http://timesofindia.indiatimes.com/Business/Sensex-climbs-150-points/articleshow/4337944.cms
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