Sensex rebounds over 250 points; Nifty breaches 6,000-level
Zee Media Bureau
Mumbai: Recovering from its early losses, the BSE benchmark Sensex gained over 250 points in afternoon trade after the government said the trade deficit in September had narrowed to the lowest level in 30 months.
After a lower start at 19,826.96, the Sensex climbed to trade higher by 255 points to 20,240 led by stocks of realty, healthcare and capital goods sectors.
Brokers said trading sentiment bolstered on reports of easing trade deficit to 30-month low and a mixed trend in the Asian region.
The exports grew 11.15 percent in September and imports declined 18.1 percent amid a sharp fall in inward shipments of gold and silver, taking the trade deficit to the lowest level in 30 months.
The broad-based National Stock Exchange index Nifty advanced by 71.65 points to over 6, 000 after moving lower to 5,877.10 at the outset.