Markets rebound in early trade amidst recovery in global equity markets

Today, benchmark indices have rebounded in early trade as the BSE Sensex has climbed 567.86 points amidst a recovery in the global equity markets.

The 30-share BSE benchmark has risen 567,86 points to 57,166. 14 points with a firm beginning. On a similar note, broader NSE Nifty jumped 167.45 to 17,026.05 points.

The major winners in the 30-share Sensex pack include Tata Steel, IndusInd Bank, ITC, Axis Bank, NTPC, Mahindra & Mahindra, Sun Pharma, and State Bank of India. The laggards are Maruti Suzuki and Asian Paints.

In other parts of Asia, Tokyo, Seoul, Hong Kong and Shanghai were trading in green. Markets of the US also bounced back yesterday and ended higher.

Head- PMS, Hem Securities, Mohit Nigam said that US markets ended higher on Wednesday after a sell-off in the past few sessions. The European markets have also closed in the green. The major Asian markets are trading positive in the early trade of Thursday.

Indian markets may experience volatility at elevated levels on account of monthly expiry, he shared.

The BSE benchmark declined 509.24 points or 0.89 percent and settled at 56,598.28 on Wednesday. The Nifty fell 148.80 points or 0.87 points to stop at 16,858.60.

The international oil benchmark Brent crude also declined 0.45 percent to USD 88.92 per barrel.

According to data available with BSE, foreign institutional investors offloaded shares amounting to Rs. 2,772.49 crore on Wednesday.