The benchmark BSE Sensex rebounded sharply by over 156 points and the broader Nifty traded above the crucial 8,000-level on solid buying in capital goods, healthcare, auto, IT, oil & gas, consumer durables, realty and
technology sectors.
Banking, power and metal counters saw some selling pressure though.
Investor sentiment got a lift from strong IIP and steady inflation (CPI) numbers released on Friday despite weak Asian cues. The 2-day US Federal Open Market Committee (FOMC) is slated to meet tomorrow.
The 30-share barometer resumed higher at 26,498.67, touching a low of 26,307.84 before jumping to 26,582.01 at 1131 hours, a gain of 156.71 points, or 0.59%.
The broader NSE Nifty, too, surged 32.65 points, or 0.41%, to 8,015.55 at 1131 hours.
Top gainers include Sun Pharma (2.85%), M&M (1.77%), L&T (1.58%), Wipro (1.40%) and Reliance (1.39%).
Foreign investors sold shares worth Rs 670.96 crore last Friday, according to provisional exchange data.
Asian stocks were trading lower today after Greece’s talks with lenders to avert a default ended in a stalemate.
Key benchmark indices in China, Singapore, Hong Kong, Taiwan, Indonesia, Japan, and South Korea slipped up to 1.54%.
PTI