Sensex recovers over 200 points on value-buying, Asian cues

The NSE Nifty was up 61.60 points or 0.79 percent at 7,867.50 in early trade.  

Updated: May 03, 2016, 10:16 AM IST
Sensex recovers over 200 points on value-buying, Asian cues

Zee Media Bureau

Market benchmark Sensex rebounded over 200 points in early trade Tuesday on value-buying by investors in select bluechips amid a recovery in Asian markets.

The 30-share index was trading higher by 201.02 points or 0.79 percent to 25,637.99 with all the sectoral indices led by auto and capital goods leading the recovery.

The gauge had lost 169.65 points yesterday on plunge in Tokyo equities and disappointing domestic corporate earnings along with a fall in manufacturing sector activity.

The NSE Nifty was up 61.60 points or 0.79 percent at 7,867.50 in early trade.

Brokers said value-buying in select bluechips coupled with a slightly better trend in other regional markets following overnight gains in the US, influenced sentiment here.

Besides, encouraging auto sales numbers in April triggered buying, they added.

Among other Asian markets, Shanghai Composite Index was up 1.59 percent, while Sydney was up 0.9 percent, Seoul gained 0.2 percent and Wellington put on 0.6 percent. Manila and Jakarta were also higher. However, Hong Kong's Hang Seng shed 0.72 percent.

Japanese financial markets are closed today for a public holiday.

The US Dow Jones Industrial Average ended 0.66 percent higher in yesterday's trade.

With PTI Inputs