Sensex soars over 300 points; Nifty reclaims 5,400 level

Sensex soars over 300 points; Nifty reclaims 5,400 level Zee Media Bureau

Mumbai: The BSE benchmark Sensex on Wednesday recovered over 300 points in mi-session trade after yesterday's steep fall, on the back of rally in oil & gas, auto, banking and metal sector stocks due to fresh buying by funds and retail investors.

The 30-share barometer rose 325 points to 18,560 supported by increased buying in beaten down bluechip stocks. The index had lost 651.47 points yesterday.

Similarly, the wide-based National Stock Exchange index Nifty reclaimed 5,400 level by moving up 104 points to 5,445.

Brokers said sentiments turned better after funds and retail investors made fresh purchases at selective stocks, available at attractive levels.

However, stocks in the realty segment faced selling pressure after the RBI tightened norms for disbursal of home loans.

Meanwhile, in other Asian markets, Hong Kong's Hang Seng index shed 0.99 percent, while Japan's Nikkei down 0.74 per cent in early trade.

The US Dow Jones Industrial Average ended 0.16 percent higher in yesterday's trade.

With PTI Inputs