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Sensex rebounds; rises 150 points in early trade
Monday, October 8, 2012
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| Sensex up 150 points in early trade |
Mumbai: The BSE benchmark Sensex recovered by
over 150 points in early trade on Tuesday, led by gains in power,
capital goods and banking stocks, on fresh buying by funds and retailers
after two sessions of losses on profit-booking.
The 30-share
barometer, which has lost nearly 350 points in the past two sessions,
rose by 150.80 points, or 0.81 percent, to 18,859.78.
All the sectoral indices, led by banking and capital goods, were trading in positive territory with gains of up to 1.34 percent.
Similarly, the wide-based National Stock Exchange index
Nifty moved up by 48.80 points, or 0.86 percent, to 5,724.80.
Brokers
said fresh round of buying by major players largely in heavy-weight
stocks with the corporate earnings season approaching, helped trading
sentiments to improve.
Meanwhile, in Asian region, Hong Kong's Hang Seng index rose 1.16 percent, while Japan's Nikkei shed 0.49 percent.
The US Dow Jones Industrial Average ended 0.19 percent lower in yesterday's trade.
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