Mumbai: The BSE benchmark Sensex recovered sharply by 170 points on renewed buying across-the-board on value buying at lower levels amid strong Asian markets. The gains were led by FMCG, Realty, Banking, Power, Metal and PSU stocks. All the 13 sectoral indices on BSE were in the green.
The 30-scrip index opened higher at 16,119.08 and moved between 16,204.11 and 16,104.64 before quoting at 16,200.01 at
1030 hours, up 169.92 points or 1.06 per cent from yesterday.
The NSE 50-share Nifty also firmed up by 51.55 points or 1.06 per cent to 4,909.80 at 1030 hours.
Major gainers were DLF (3.06 pc), ITC (2.74 pc), Tata Steel (1.91 pc), HDFC Bank (1.89 pc), HDFC (1.78 pc), Maruti
(1.69 pc) and SBI (1.52 pc).
Asian stocks were mostly higher in the early trade as faster-than-estimated economic growth in Japan and on hopes
that the Federal Reserve will help stimulate the US economy to offset concerns that Greece's debt crisis is worsening.
Key indices in China, Hong Kong, Singapore, Japan, Taiwan and South Korea gained by up to 1.36 per cent. PTI