Zee Media Bureau/Ajeet Kumar/Reema Sharma
New Delhi: Recovering from its three straight-session loss, the BSE benchmark Sensex on Wednesday moved northwards by nearly 200 points in early trade, led by rally in banks and capital goods stocks, on the back of overnight steps taken by RBI to ease liquidity.
The 30-share index rose by 193 points to 18,439 after losing over 1,121 points in the previous three sessions. Similarly the NSE Nifty gained by 64 points to 5,404.
The Bank Nifty moved higher by 5.4 percent as the RBI eased cash and bond holding rules for banks on Tuesday.
Major gainers on BSE were BHEL (4.88 percent), SBI (4.80 percent), HDFC Bank (4.66 percent), ICICI Bank (3.31 percent) and HDFC (3.24 percent).
The RBI yesterday announced a slew of measures, including Rs 8,000 crore bond buyback, to ease liquidity and ensure adequate credit flow to the productive sectors of the economy.
In early trade, rupee plunged further by 20 paisa to 63.45 but recovered later to 63.36 against dollar.
Meanwhile, in other Asian markets, Hong Kong's Hang Seng index fell by 1.01 per cent, while Japan's Nikkei shed 0.79 per cent in the early trade.
In US, the S&P 500 gained 6.29 points to 1652.35 yesterday.
First Published: Wednesday, August 21, 2013, 09:55