Sensex pulls back sharply in late trade, up 157 pts

The benchmark BSE Sensex rebounded sharply by over 156 points and the broader Nifty traded above the crucial 8,000-level on solid buying in capital goods, healthcare, auto, IT, oil & gas, consumer durables, realty and technology sectors.
Banking, power and metal counters saw some selling pressure though.
Investor sentiment got a lift from strong IIP and steady inflation (CPI) numbers released on Friday despite weak Asian cues. The 2-day US Federal Open Market Committee (FOMC) is slated to meet tomorrow.
The 30-share barometer resumed higher at 26,498.67, touching a low of 26,307.84 before jumping to 26,582.01 at 1131 hours, a gain of 156.71 points, or 0.59 per cent.

The broader NSE Nifty, too, surged 32.65 points, or 0.41 per cent, to 8,015.55 at 1131 hours.
Top gainers include Sun Pharma (2.85 per cent), M&M (1.77 per cent), L&T (1.58 per cent), Wipro (1.40 per cent) and Reliance (1.39 per cent).

Foreign investors sold shares worth Rs 670.96 crore last Friday, according to provisional exchange data.
Asian stocks were trading lower today after Greece's talks with lenders to avert a default ended in a stalemate.
Key benchmark indices in China, Singapore, Hong Kong, Taiwan, Indonesia, Japan, and South Korea slipped up to 1.54 per cent.