Sensex gains 150 pts in early trade

After a steep fall on Wednesday, the benchmark index recovers on revival of funds' interest in bluechip stocks.

The benchmark Sensex recovered by over 150 points in early trade on the Bombay Stock Exchange Thursday, as funds and general investor returned to buying blue chip stocks.

HT Image

The 30-share sensitive index, which had lost 162 points in the previous session, bounced back by 156.24 points at 12,360.25, in first five minutes of trade.

The wide-based National Stock Exchange index, Nifty, shot up by 46.10 points at 3,561.45, wiping of almost all the losses it suffered on Wednesday.

The major support to the market came from stocks like Tata Consultancy, State Bank of India, Tata Motor, Tata Steel, Bajaj Auto, BHEL, Larsen and Toubro and Housing Development.

The bullish trend drove all the 30-shares pack of Sensex and 50 shares on Nifty to positive zone.