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Sensex Rebounds 150 Points After 3-Day Selloff

A continued slide in crude oil prices drew investors' attention, fuelling buying in oil marketing company stocks.

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Sensex Rebounds 150 Points After 3-Day Selloff
The benchmark Sensex traded in the green in early noon trade today, rising by over 150 points, buoyed by value-buying in select blue-chips at a time of firm Asian cues. The 30-share BSE index was up 163.80 points, or 0.49 per cent, at 32,924.24. Also, the NSE Nifty rose by 50.85 points, or 0.50 per cent, to 10,168.90.

All sectoral indices, including capital goods, oil and gas, consumer durables and healthcare, advanced by up to 0.60 per cent.

The Sensex had lost 554.12 points in the previous three sessions on subdued exports, higher inflation and muted second quarter earnings of some companies.

Value-buying in recent losers and a better trend at other Asian markets triggered fresh spell of buying on the domestic bourses, traders said. 

Besides, a continued slide in crude oil prices drew investors' attention, fuelling buying in oil marketing company stocks, they added.

Prominent gainers were Reliance Industries, Tata Motors, ONGC, L&T, Bharti Airtel and Dr Reddy's, rising by up to 1.88 per cent.

Hong Kong's Hang Seng was up by 0.61 per cent while Japan's Nikkei added 0.83 per cent in early trade today. Shanghai Composite, however, was down 0.10 per cent. The US Dow Jones Industrial Average ended 0.59 per cent lower yesterday. (With Agency Inputs)

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