Stock markets bounce back in early trade amid rally in global peers, buying in blue-chips PSU Watch
Market Updates

Stock markets bounce back in early trade amid rally in global peers, buying in blue-chips

The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15

PTI

New Delhi: Benchmark indices Sensex and Nifty rebounded in early trade on Thursday, tracking a rally in global markets and buying in blue-chip stocks.

The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15.

PSU Watch is now on Whatsapp Channels. Click here to join

From the Sensex firms, Asian Paints jumped over 4.50 percent.

Mahindra & Mahindra, Reliance Industries, State Bank of India, Adani Ports, Trent and Larsen & Toubro were also among the gainers.

However, Power Grid, Eternal, Bajaj Finance and HDFC 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 index traded in the positive territory.

US markets ended higher on Wednesday.

Stock markets were closed on Wednesday for Guru Nanak Jayanti.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,067.01 crore on Tuesday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,202.90 crore, according to exchange data.

On Tuesday, the Sensex dropped 519.34 points or 0.62 percent to settle at 83,459.15. The Nifty declined 165.70 points or 0.64 percent to 25,597.65.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

CIL allocates 11.77 MT coal out of 30.55 MT in April via e-auction

Govt planning policy to push floating solar projects: MNRE Secretary

Auto LPG sales jump over 100% m-o-m in April as daily consumption doubles: Govt data

Anugraha Narayana Das (IDAS) takes charge as Controller General of Defence Accounts

Power Secretary reviews SJVN hydro projects in Himachal