Sensex back in green, up 121 points at mid-session

Mumbai: Market recovered some lost ground at mid-session, with BSE Sensex trading higher by over 121 points and NSE Nifty recapturing the 8,100-level on across-the-board buying led by power, healthcare and realty stocks amid higher opening on European bourses. The 30-share index, which had lost about 110 points in early trade on hints of rate hike in December by US Federal Reserve Chair Janet Yellen, rebounded to quote 121.40 points, or 0.46 per cent, higher at 26,349.02 at mid-session.

The gauge had plunged by 1,290.06 points in the previous four sessions. Value-buying in most of the counters and a higher European opening also helped in boosting the sentiment, brokers said. However, stocks of consumer durables, FMCG and metal companies continued to face selling pressure, leading to a restriction in recovery to some extent.

Also, the 50-share Nifty reclaimed the 8,100-mark by recovering 42.45 points, or 0.52 per cent, to 8,122.40. Among the gainers were: NTPC, Sun Pharma, Hero MotoCorp, M&M, Bharti Airtel, ONGC, Cipla, Bajaj Auto, RIL, Maruti Suzuki, Lupin and HDFC Ltd. Broader markets were also back in better shape with mid-cap and small-cap indices adding up to 0.78 per cent. Globally, Hong Kong’s Hang Seng gained 0.43 per cent, while Japan’s Nikkei rose by 0.59 per cent. European markets were also higher in their early trade.