Markets rebound: Sensex jumps 1,092 points to 79,852 in early trade; Nifty rallies 327 points to 24,382
Public Lokpal
August 06, 2024
Markets rebound: Sensex jumps 1,092 points to 79,852 in early trade; Nifty rallies 327 points to 24,382
Mumbai : Equity market benchmark indices Sensex and Nifty bounced back sharply in early trade on Tuesday after facing a severe drubbing in the previous trade tracking a smart rebound in Asian peers.
The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24,382.60.
All the 30 Sensex firms were trading in the positive territory during the early trade. Tata Motors, Tech Mahindra, HCL Technologies, JSW Steel, HCL Technologies and Infosys were the biggest gainers from the pack.
Asian markets also rebounded sharply, where Seoul, Tokyo, Shanghai and Hong Kong were quoting significantly higher. Japan's benchmark stock index soared over 10 per cent.
The US markets ended with deep cuts on Monday.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,073.75 crore on Monday, according to exchange data.
Global oil benchmark Brent crude jumped 1.27 per cent to USD 77.27 a barrel.
The BSE benchmark plummeted 2,222.55 points or 2.74 per cent to settle at over a month's low of 78,759.40 on Monday, marking its worst single-day retreat since June 4, 2024. During the day, it tanked 2,686.09 points or 3.31 per cent to 78,295.86.
The NSE Nifty slumped 662.10 points or 2.68 per cent to settle at 24,055.60. During the day, it tumbled 824 points or 3.33 per cent to 23,893.70. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5 per cent after the general election results.
PTI