Market rebounds with Sensex up by 200 pts, Nifty above 7800

Mumbai, Sept 11 : The market in the early trade showed signs of recovery with Sensex rising up by 194.75 points trading at 25816.92.

Nifty, on the other hand, climbed up by 56.75 points trading at 7844.85.

Sectors that performed as per the markets sentiments were technology, healthcare, oil, selective banking and financial stocks.

SBI, Axis Bank, ONGC, Vedanta, M&M and YES Bank topped the buying list with a marginal increase of 1-2 percent. However, GAIL, ICICI Bank, Tata Motors, Bosch and BHEL traded in red.

The Indian rupee gained in early trade today. It opened higher by 9 paise at 66.34 per dollar against 66.43 yesterday.

Market experts believe that the local equity market is likely to trade sideways today taking further the cues from global markets.