Mumbai: The BSE benchmark Sensex recovered by over 151 points on Thursday, after yesterday's losses, on fresh spell of buying by funds and retailers amid a firming trend on the other Asian bourses.
The 30-share barometer, which had lost 298.16 points in the previous session, rebounded by 151.56 points, or 0.94 percent, to 16,181.69 with all the sectoral indices, led by realty, FMCG and capital goods, recovering up to 1.41 percent.
The wide-based National Stock Exchange index Nifty, regained 4,900 points by gaining 50.75 points, or 1.04 percent, to trade at 4,909.00.
Brokers said emergence of buying by funds and retail investors as value of select stocks turned attractive after recent losses helped trading sentiments to improve.
In addition, reports of recovery on the other Asian bourses, too, had a positive impact on the trading sentiments here, they said.
Major gainers were DLF (3.06 percent), ITC (2.74 percent), Tata Steel (1.91 percent), HDFC Bank (1.89 percent), HDFC (1.78 percent), Maruti (1.69 percent) and SBI (1.52 percent).
Asian stocks were mostly higher in the early trade as faster-than-estimated economic growth in Japan and on hopes that the Federal Reserve will help stimulate the US economy to offset concerns that Greece's debt crisis is worsening.
Key indices in China, Hong Kong, Singapore, Japan, Taiwan and South Korea gained by up to 1.36 per cent
The US Dow Jones Industrial Average ended 0.26 percent lower in yesterday's trade.
First Published: Thursday, May 17, 2012, 09:20