Markets rebound in early trade after three days of decline

New Delhi: Equity benchmark indices rebounded in early trade on Thursday after falling for the past three days amid a rally in Asian markets along with buying in index majors State Bank of India and Reliance Industries.

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

The 30-share BSE Sensex climbed 310.82 points to 73,254.50 in early trade. The NSE Nifty went up by 122.75 points to 22,270.65.

In the past three days, the BSE benchmark tanked 2,094.47 points or 2.79 percent.

From the Sensex basket, Power Grid, Mahindra & Mahindra, Bharti Airtel, Larsen & Toubro, Tata Steel, State Bank of India, Kotak Mahindra Bank and Reliance Industries were the major gainers.

HCL Technologies, Axis Bank, Nestle, Tech Mahindra, Titan Company and ITC were among the laggards.

Wall Street ended lower on Wednesday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,468.09 crore on Tuesday, according to exchange data.

Stock markets were closed on Wednesday for Ram Navami.

Continuing its downtrend for the third day running, the 30-share BSE benchmark tanked 456.10 points or 0.62 percent to settle at 72,943.68 on Tuesday. The NSE Nifty declined 124.60 points or 0.56 percent to finish at 22,147.90.

(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.)