Sensex rallies 206 pts, Nifty above 8,400
The benchmark BSE Sensex gained over 206 points and the NSE Nifty reclaimed the 8,400-mark in early trade today on across-the-board buying by funds and retail investors amid a mixed trend in other Asian markets.business Updated: May 20, 2015 10:34 IST
The benchmark BSE Sensex gained over 206 points and the NSE Nifty reclaimed the 8,400-mark in early trade on Wednesday on across-the-board buying by funds and retail investors amid a mixed trend in other Asian markets.
Besides, value-buying by participants influenced market sentiment.
The 30-share index, which had lost 41.77 points in the previous volatile session, recovered 206.93 points, or 0.74%, to 27,852.56, with power, banking, realty, oil & gas, technology and IT sector stocks leading the momentum.
Also, the NSE index Nifty regained the 8,400 mark by rising 59.10 points, or 0.70%, to 8,424.75.
Brokers said value buying by investors and foreign funds which have been selling in the past several sessions on the Indian bourses, made fresh purchases in Tuesday's trade, helped trading sentiment turn for the better.
Besides, a mixed trend in Asia played its part, they said. Among other Asian markets, Japan's Nikkei gained 0.72% while Hong Kong's Hang Seng was down 0.33% in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.07 per cent higher in yesterday's trade.