Sensex recovers 500 pts; Nifty above 12,100
Equity benchmark BSE Sensex rebounded nearly 500 points in opening session on Tuesday as global investors calmed on no further escalation in the mid-east tensions.
Mumbai: Equity benchmark BSE Sensex rebounded nearly 500 points in opening session on Tuesday as global investors calmed on no further escalation in the mid-east tensions.
After hitting a high of 41,135.47, the 30-share BSE index was trading 450 points or 1.11 per cent higher at 41,126.63. Similarly, the broader NSE Nifty rallied 132.25 points or 1.10 per cent to 12,125.30.
In the previous session, the 30-share gauge ended at 40,676.63, dropping of 787.98 points, or 1.90 per cent. Similarly, the Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per cent.
Meanwhile, on a net basis, foreign institutional investors sold equities worth Rs 103.84 crore, and domestic institutional investors offloaded shares worth Rs 23.70 crore on Monday, data available with stock exchanges showed. Following the news, Brent crude futures fell 1.20 per cent to USD 68.08.
Meanwhile, the rupee appreciated 20 paise to 71.73 against the US dollar in morning session.(PTI)