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The market rebounded in early trade Thursday after losing
nearly 700 points on the Sensex in previous three consecutive sessions.
- The Sensex rose 165.59 points to 24388.91 and the Nifty climbed 49.65 points to 7411.45.
- ONGC, SBI, Tata Motors, Bharti Airtel, Axis Bank, Bank of Baroda and Idea Cellular were early gainers, up 1.5-3 percent.
- The Indian rupee gained in the early trade today. It has opened higher by 22 paise at 67.85 per dollar against 68.07 Wednesday.
Asian markets were trading mixed with the Shanghai, Hang Seng and Kospi rising
over a percent.
US stocks staged a late-day rally on Wednesday
as an 8-percent jump in oil prices lifted beaten-down energy shares and
financials rebounded. The Nasdaq stayed weaker but ended well off the day's
lows.
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