Markets rebound in early trade after 3-day decline tracking global equities
The Hindu
Stock indices rebound in early trade, Sensex up 230.17 points, Nifty up 70.25 points, global markets rally.
Benchmark stock indices Sensex and Nifty rebounded in early trade on Wednesday after three days of decline tracking a rally in global markets.
The 30-share BSE Sensex climbed 230.17 points to 80,967.68 in early trade. The NSE Nifty went up by 70.25 points to 24,612.75.
From the Sensex firms, Bharti Airtel, Eternal, IndusInd Bank, Maruti, Tata Motors and Bajaj Finance were the major gainers.
However, Tata Consultancy Services, UltraTech Cement, Titan and ICICI Bank were among the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading significantly higher.
U.S. markets ended in the positive territory on Tuesday.
"The strong fundamental factors that will support the market are India’s robust and improving macros and sustained flows into mutual funds, particularly the SIP inflows which are steady and growing. This reflects the coming of age of the Indian retail investor.
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