The Sensex today rebounded almost 217 points and the NSE went past the 8,700-mark after investors chased blue-chips amid a rally in Asian markets.
The 30-share index was trading higher by 216.80 points, or 0.77%, to 28,201.17, with all the sectoral indices led by banking, consumer durables and realty leading the recovery, rising by up to 1.25%.
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The gauge had lost 66.51 points on Wednesday after investors booked profit and global conditions stayed mixed.
The NSE Nifty was up 64 points, or 0.73 % at 8,723.10 in early trade.
Brokers said the emergence of buying coupled with a firming trend in other regional bourses following overnight gains in the US, supported by a surge in oil prices on the surprise drop in stock inventory, influenced sentiment here.
Stocks of Reliance Industries and Yes Bank were trading higher by 0.93 % and 1.18%, respectively, ahead of their second quarterly earnings scheduled for later in the day.
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Hong Kong’s Hang Seng was up 0.67% while Japan’s Nikkei gained 1.03% in early trade on Thursday.