Business

Sensex rebounds over 200 pts; Nifty above 10,900

Sensex rebounds over 200 pts; Nifty above 10,900

TIL Desk/Business/Mumbai/ Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks. The 30-share index was trading 214.96 points, or 0.59 per cent, higher at 36,914.80 at 0930 hours. Similarly, the broader NSE Nifty was quoting 68.65 points, or 0.63 per cent, up at 10,931.25.             

In the previous session on Monday, both benchmark indices saw an intense volatility throughout the session due to multiple headwinds like escalation in US-China trade war, weak corporate earnings, rupee downfall and political tensions in Jammu and Kashmir.     

The 30-share index had ended 418.38 points, or 1.13 per cent, and the Nifty plunged by 134.75 points or 1.23 per cent to close at 10,862.60 points. In early trade on Tuesday, top gainers in the Sensex pack included IndusInd Bank, Hero MotoCorp, Tata Motors, Yes Bank, L&T, Bajaj Finance, Maruti, ICICI Bank, SBI and Axis Bank, rising up to 2 per cent. On the other hand, TCS, HUL, Kotak Bank, Infosys, Bharti Airtel, HDFC Bank and RIL fell up to 1.07 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *