Sensex bounces 99 points, Nifty above 7,800

Market benchmark Sensex recovered over 99 points and its NSE counterpart Nifty retook the 7,800-mark in early session today on a fresh spell of buying in select blue-chips even as regulator Sebi tightened its guidelines to check any misuse of P-Notes.

A firming trend in rest of Asia lifted sentiment here, brokers said.

The 30-share index was trading up 99.23 points, or 0.39 per cent, at 25,498.95, with IT, consumer durables, capital goods, technology, power, auto and banking staying in the green.