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Sensex rebounds 208 points after Asian cues get going

Press Trust of India  |  Mumbai 

The benchmark made a promising start by bouncing almost 208 points today on widespread gains following fresh buying amid a firm trend in Asian markets.

The 30-share index jumped 207.64 points, or 0.75 per cent, to 27,737.61, with all sectoral indices led by realty, metal and making all the right moves.

The gauge had lost 143.63 points yesterday, spooked by muted start to second quarterly earnings and a lacklustre global trend.

The today went up by 55.15 points, or 0.65 per cent, to 8,575.55.

Emergence of buying interest among investors and funds, brokers said, coupled with a firm trend in other regional markets following an unexpected fall in a US manufacturing index boosted sentiment here. A lower industry number means the US Fed may have to tread cautiously on the front.

Elsewhere, Hong Kong's moved up 0.84 per cent while Composite gained 0.48 per cent in early trade today. Japan's too was up 0.14 per cent.

The US Dow Jones Industrial Average, however, ended 0.29 per cent lower yesterday.

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

First Published: Tue, October 18 2016. 10:07 IST