Sensex rebounds on FII buying, gains 244 points

The benchmark BSE Sensex on Wednesday gained 244 points, or 0.8 per cent, to close at 31,955 after metal, health care and FMCG (fast-moving consumer goods) stocks set the tone on the back of better-than-expected corporate earnings so far. Foreign dollar inflows and positive global cues kept the risk appetite on.

The market opened positive on overnight earnings numbers of FMCG major Hindustan Unilever coupled with a firming trend in Asia, tracking another record close at the Wall Street.

The Sensex had retreated from record by plunging 364 points in the previous session.

The 50-share NSE’s Nifty stayed in the positive zone and