Sensex bounces 213 points; Nifty reclaims 9200-mark
- Author: Darren Santiago Apr 12, 2017,
Apr 12, 2017, 3:23
The benchmark BSE Sensex was up 130 points or 0.43 percent at 29,702, snapping a three-session losing streak.
However, gains were capped due to caution over the rising tensions in the Middle East and political uncertainty in Europe.
The BSE Sensex, which opened at 29,630.06 points, traded at 29,788.35 points (at 3.35 p.m.) from its previous day's close at 29,575.74 points.
Elsewhere in Asia, China's Shanghai Composite index rose 0.6% while South Korea's Kospi index declined 0.4%.
BPCL and Infosys added over 1 per cent to the NSE Nifty Index in morning trade.
Nineteen of the 30 Sensex constituents ended higher, while overall advancing issues beat declining ones 1,715 to 1,173 and 133 stocks were unchanged.
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Sectorial indices such as FMCG, capital goods, PSU, realty and banking were in the lead, giving sentiment a lift.
The rupee recovered some of the lost ground after taking a battering overnight, advancing 6 paise to 64.50 against the USA dollar amid mild selling of the American currency by exporters.
Infosys gained 1.11 per cent on the BSE after closing as the top loser on the bourse yesterday.
"Value buying re-emerged after the last few of days' consolidation made the prices attractive", said Anand James, chief market strategist at Geojit Financial Services.
Sectoral indices such as IT, technology, telecom, refinery and power witnessed robust buying.