Sensex rebounds 208 points after Asian cues get going

BSE Sensex,, Sensex, Sensex today, morning sensex
Sensex closes after biggest intra-day record high in almost 1.5 years

Mumbai: The BSE benchmark Sensex made a promising start by bouncing almost 208 points on Tuesday on widespread gains following fresh buying amid a firm trend in Asian markets.

The 30-share index jumped 207.64 points, or 0.75%, to 27,737.61, with all sectoral indices led by realty, metal and banking making all the right moves.

The gauge had lost 143.63 points on Monday, spooked by muted start to second quarterly earnings and a lacklustre global trend.

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The NSE Nifty today went up by 55.15 points, or 0.65%, to 8,575.55.

Emergence of buying interest among investors and funds, brokers said, coupled with a firm trend in other regional markets following an unexpected fall in a US manufacturing index boosted sentiment here. A lower industry number means the US Fed may have to tread cautiously on the interest rate front.

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Elsewhere, Hong Kong’s Hang Seng moved up 0.84 per cent while Shanghai Composite gained 0.48% in early trade on Tuesday. Japan’s Nikkei too was up 0.14%.

The US Dow Jones Industrial Average, however, ended 0.29% lower on Monday.

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