Sensex Up By 279 Points In Early Trade

- Alive/NNC Correspondent   12-08-2015

          


The benchmark BSE Sensex rebounded over 278 points to 27,791.10 in early trade on Thursday, reversing its fall for the last four sessions after retail inflation eased in July, raising hopes of a rate cut by the Reserve Bank.

Industrial output too cheered, which expanded at a 4-month high of 3.8 percent in June.

Besides, a firming trend at other Asian markets buoyed sentiment.

The 30-share barometer recovered sharply 278.84 points, or 1.01 percent, to 27,791.10, with all sectoral indices led by realty, consumer durables, banking and capital goods trading in the positive terrain with gains up to 1.98 percent.

The gauge had tumbled 785.87 points in previous four straight sessions on yuan woes with the rupee plunging to a nearly 2-year low and uncertainty over the fate of a key GST bill.

The NSE index Nifty recaptured the 8,400-level by recovering 70.80 points, or 0.85 percent, to 8,420.25.