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Sensex Regains 134 Points on Asian Leads, Nifty Tops 8,400

Mumbai: The benchmark Sensex rebounded 134 points and the NSE Nifty retook the 8,400-mark on Wednesday after metal and other blue-chip stocks jumped amid a mixed trend in Asia and fresh foreign capital inflows.

The 30-share index was trading higher by 133.63 points, or 0.49 percent, at 27,369.29, with metal, auto and banking leading the recovery by rising up to 1.21 percent.

The gauge had lost 52.51 points in the previous session after IMF sharply lowered India’s GDP estimates.

Besides, the NSE Nifty regained the 8,400-mark by rising 44.45 points, or 0.53 percent, at 8,442.45.

Traders said fresh buying by investors amid reports of fresh spell of foreign funds inflows on domestic bourses influenced sentiment.

Support came from key indices such as Tata Steel, ONGC, HDFC, Adani Ports, HDFC Bank, Wipro, Asian Paints, Axis Bank, Tata Motors, L&T and ITC, rising by up to 1.78 per cent.

Furthermore, a mixed trend at other Asian markets lent the rebound some muscle here.

China’s Shanghai Composite index was up 0.12 percent while Hong Kong’s Hang Seng was also trading 1.12 percent higher in early trade. Japan’s Nikkei, however, fell 0.20 percent.

The US Dow Jones Industrial Average fell 0.30 percent on Tuesday.

Source: News18