Sensex Rebounds 150 Points, Nifty Reclaims 10,100

Brokers said buying by domestic institutional investors (DIIs) and a firm trend at other Asian bourses improved the market sentiment.

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Sensex Rebounds 150 Points, Nifty Reclaims 10,100
The benchmark Sensex staged a strong comeback in early trade today gaining over 150 points on widespread buying by participants amid positive Asian cues. The 30-share index was trading higher by over 150 points at 32,766 in early noon trade. All the sectoral indices led by capital goods, power, oil & gas and PSU were trading in the green with gains of up to 1.20 per cent.

The gauge had lost 205 points yesterday following the Reserve Bank's decision to leave interest rates unchanged and raised the inflation forecast for the remainder of the current fiscal to 4.3-4.7 per cent.
Also, the NSE Nifty recovered by over 50 points to reclaim 10,100 mark. 

Major gainers were Tata Steel, L&T, Hero MotoCorp, Adani Ports, Bajaj Auto, Maruti Suzuki, Hindustan Unilever, Bharti Airtel, NTPC, Power Grid, Axis Bank, SBI and ICICI Bank, rising up to 1.32 per cent

Brokers said buying by domestic institutional investors (DIIs) and a firm trend at other Asian bourses improved the market sentiment.

DIIs had bought shares worth Rs 995.11 crore, while foreign funds sold shares to the tune of Rs 1,217.92 crore yesterday, the provisional exchange data showed.

In the Asian region, Hong Kong's Hang Seng was up 0.10 per cent while Japan's Nikkei gained 1.27 per cent in early trade today. Shanghai Composite Index, however, shed 0.52 per cent.

The US Dow Jones Industrial Average ended 0.16 per cent down yesterday. 

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