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Sensex bounces 107 pts on exports growth, Nifty above 9,600

Press Trust of India  |  Mumbai 

The rebounded 107 points and the reclaimed the 9,600-mark today, propelled by the growth in May amid mixed Asian cues.

The 30-share index recovered sharply by 107 points, or 0.34 per cent, to 31,182.73, with all sectoral indices led by auto, consumer durables, realty and and gas trading in the positive zone.


The gauge had lost 80.18 points in the previous session.

The moved up by 30.10 points, or 0.31 per cent, to 9.608.15.

Risk appetite got a push after India's grew 8.32 per cent to USD 24.01 billion in May, mainly on account of robust performance by sectors like petroleum, chemicals, engineering goods as well as and jewellery.

Global crude falling to a 7-month low supported the positive mood.

Major contributers to the index were Tata Motors, M&M, NTPC, GAIL, Ltd, Tata Steel, Coal India, Bank, Axis Bank, and Maruti Suzuki, gaining by up to 1.46 per cent.

Meanwhile, DIIs bought worth a net Rs 854.85 crore while foreign portfolio investors (FPIs) sold worth Rs 654.35 crore yesterday, as per provisional data.

Among other Asian markets, Hong Kong's Hang Seng was up by 0.32 per cent while Japan's Nikkei rose 0.53 per cent in early trade today. Shanghai Composite, however, was down 0.12 per cent.

The US Dow Jones Industrial Average ended 0.02 per cent lower yesterday.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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