Sensex rebounds 232.24 points
MUMBAI [Maha Media]: The BSE Sensex on Wednesday recovered by 232.24 pts to close positive at 31,685.75, snapping a losing streak of last two sessions on fresh buying in Telecom, Bankex, Auto and Finance stocks amid mixed trend in global market.
The nifty of national stock exchange too moved up by 65.30 pts to 9,270.90 High volatility was witnessed during the day.
Slumping by 2263 pts in couple of sessions, day opened positive at 31,577.63 pts,up by 124 pts. It spurted by nearly 517 Pts to 31,970.84, days high, before closing at 31,685.75, up by 232.24 pts from its previous close.
Meanwhile, it nosedived by 295 pts to 31,158.75, days low. The nifty registered days high and low at 9,346.90 and 9,116.50 respectively.
The sectoral indices include, Telecom, Finance, Bankex, Auto and Materials pushed the market up. However, selling in FMCG, Energy, Consumer Durable and Oil and Gas capped from further gains, broker informed.
The scrips like M andM, Bajaj finance, HDFC Bank, ICICI Bank and Bhart Airtel advanced. Mid cap rose by 0.78 pc and small cap too moved up by 0.49 pc. In 30 scrips, 20 advanced while 10 declined.
Mixed trend was seen in Global shares today simmering US-China tensions cast a pall over markets.
MSCI’s index of global shares was trading flat. The pan-European STOXX 600 was 0.3 per cent higher, with losses in oil and gas shares weighing on the index. Wall Street futures were positive, with E-minis for the S&P500 up 0.6 per cent. MSCI’s broadest index of Asia Pacific shares outside of Japan climbed 0.7 per cent. Japanese markets were closed for a holiday while China markets reversed early losses, sending the bluechip index up 0.6 per cent.
Oil prices rose above $31 a barrel anticipating recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.