Mumbai: Benchmark indices Sensex and Nifty rebounded in early trade on Thursday, supported by positive cues from global markets and renewed buying in blue-chip stocks.
The 30-share BSE Sensex rose 376.89 points to 83,836.04, while the NSE Nifty gained 81.5 points to 25,679.15.
Among Sensex constituents, Asian Paints led the rally with a jump of over 4.5 per cent. Other notable gainers included Mahindra & Mahindra, Reliance Industries, State Bank of India, Adani Ports, Trent, and Larsen & Toubro.
On the other hand, Power Grid, NTPC, Bajaj Finance, and HDFC Bank were among the laggards.
Across Asia, major markets traded higher, with South Korea’s Kospi, Japan’s Nikkei 225, Shanghai’s SSE Composite, and Hong Kong’s Hang Seng indices in the green. US markets had also closed on a strong note overnight.
Meanwhile, Commerce and Industry Minister Piyush Goyal said on Wednesday that India and the US are holding ongoing discussions toward a proposed bilateral trade agreement.
Domestic markets were closed on Wednesday on account of Guru Nanak Jayanti.
As per exchange data, Foreign Institutional Investors (FIIs) sold equities worth ₹1,067.01 crore on Tuesday, while Domestic Institutional Investors (DIIs) purchased stocks worth ₹1,202.90 crore.
On Tuesday, the Sensex had fallen 519.34 points (0.62%) to close at 83,459.15, and the Nifty had declined 165.70 points (0.64%) to 25,597.65.
