Sensex jumps 321 points in early trade on RBI steps

Snapping a three-day downmove, the BSE benchmark Sensex today jumped by 321 points in early trade, led by rally in banks and capital goods stocks, on the back of overnight steps taken by RBI to ease liquidity.
The 30-share barometer surged by 321.66 points, or 1.76 per cent, to 18,567.70, aided by buying in beaten down bluechip stocks.
The index had lost over 1,121 points in the previous three sessions.
Similarly, the wide-based National Stock Exchange index Nifty recovered 80.85 points, or 1.50 per cent, to 5,482.30.
Brokers said sentiments turned better after the RBI yesterday announced a fresh set of liquidity easing steps amid rupee falling past 64 mark.

The banking sector index led the recovered by gaining 5.53 per cent to 11,092.12 points as stocks of SBI were up by 5.07 per cent to Rs 1,632.20, ICICI Bank by 3.34 per cent to Rs 857.25, and HDFC Bank by 5.25 per cent to Rs 614.90.
Meanwhile, in other Asian markets, Hong Kong's Hang Seng index fell by 1.01 per cent, while Japan's Nikkei shed 0.79 per cent in the early trade.
Ahead of release of crucial minutes of the Fed meeting held in July, the US Dow Jones Industrial Average ended 0.05 per cent lower in yesterday's trade.