Markets rebound in early trade after five days of slump

New Delhi: Equity market benchmark indices Sensex and Nifty rebounded in early trade on Friday after staying on the back foot for the past five straight sessions, helped by value buying at lower levels and rally in blue-chips Infosys, Tata Consultancy Services and Reliance Industries.

The 30-share BSE Sensex climbed 235.23 points to 80,275.03 in early trade. The NSE Nifty went up 86.6 points to 24,492.70.

From the Sensex pack, Bharti Airtel, Tata Steel, Infosys, JSW Steel, Bajaj Finance, HCL Technologies, Tata Consultancy Services and Reliance Industries were the biggest gainers.

Tech Mahindra, HDFC Bank, Nestle and Maruti were among the laggards..

In Asian markets, Seoul, Tokyo, and Hong Kong were trading higher while Shanghai quoted lower.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,605.49 crore on Thursday, according to exchange data.

After a sharp fall in intra-day trade on Thursday, the BSE benchmark managed to recover some of the lost ground to settle 109.08 points or 0.14 percent lower at 80,039.80.

The NSE Nifty dipped 7.40 points or 0.03 per cent to 24,406.10.

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