Sensex jumps over 400 points, regains 25K-level

Zee Media Bureau

Making a smart recovery from initial losses, the benchmark BSE Sensex on Tuesday rebounded from 15-month low in afternoon deals by jumping over 400 points to trade above the crucial 25,000-level on value-buying amid recovery in rupee.

Moreover, positive Asian cues also influenced sentiment here, brokers said.

The 30-share index flared up by 325.37 points or 1.28 percent at 25,219.18 at 1330 hrs in afternoon trade.

The gauge had lost 870.97 points in the previous two trading sessions to close at 15-month low.

Sentiments turned better largely on late recovery in he other Asian markets, with Shanghai composite index bouncing back from its initial looses to close 2.92 percent despite a mixed trade data.

The rupee strengthening by 27 paise to 66.55 against the American currency (intra-day) at the forex market, too supported the market, they added.

Sectoral indices, led by realty, banking, metal, power and capital goods, led the rebound and were trading in positive zone with gains up to 2.91 percent.

Also, the 50-share NSE Nifty was quoting higher by 99.95 points, or 1.32 percent, at 7,658.75.

Among the 30-Sensex constituents, Tata Steel gained the most by surging 6.72 percent to Rs 230.40, followed by GAIL rising 5.76 percent to Rs 293.05.
Other prominent gainers were BHEL, Vedanta, ICICI Bank, Axis Bank, Hindalco, SBI, M&M, NTPC, RIL and L&T.

Globally, Hong Kong's Hang Seng index surged 3.74 percent, while Japan's Nikkei shed 2.43 percent. European markets were also in positive terrain in early trade.

With PTI Inputs