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Sensex recoups 104 points on Asian uptrend

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The benchmark Sensex on Thursday rebounded almost 104 points after investors lapped up select blue-chips, tracking a firm trend in rest of Asia.

The 30-share index was trading higher by 103.56 points, or 0.36%, at 28,324.54, with sectoral indices led by oil and gas, capital goods, consumer durables and healthcare leading the charge.

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The gauge had lost 113.57 points on Wednesday after Europe turned shaky over talk of withdrawal of ECB stimulus and on profit-booking in recent outperformers.

The NSE Nifty was up 24.75 points, or 0.28%, at 8,768.70 in early trade.

Brokers said the emergence of buying, coupled with a better trend at other regional markets following an overnight rally in the US on unexpected pick-up in the services sector, had a positive bearing on sentiment here.

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Hong Kong’s Hang Seng was up 0.46% while Japan’s Nikkei gained 0.57 % in early trade on Thursday. Financial markets in China remained shut today for a public holiday.

The US Dow Jones Industrial Average ended 0.62% higher in Wednesday’s trade.

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