Sensex surges 207 points on positive Asian cues

Mumbai: The BSE Sensex climbed over 207 points to trade at 26,797.79 and the NSE Nifty recaptured the 8,100-mark in early trade today, with increased buying by participants leading to across-the-board gains amid positive Asian cues.

Rising for the second day, the 30-share index advanced by 207.20 points, or 0.78 per cent, to trade at 26,797.79 as all sectoral indices, led by auto, realty and metal, were trading in the positive zone with gains of up to 1.36 per cent. The gauge had gained 31.44 points in the previous choppy session. On similar lines, the NSE Nifty reclaimed the 8,100-level by rising 48.80 points, or 0.61 per cent, to 8,109.50.

Brokers said a firming trend at other Asian markets following a strong closing in US markets buoyed trading sentiment here. Besides, value-buying in recently battered bluechips too supported the rise, they said. Among other Asian markets, Hong Kong’s Hang Seng was up 3.10 per cent while Japan’s Nikkei gained 2.42 per cent in early trade today. Shanghai Composite index up 2.58 per cent. The US Dow Jones Industrial Average ended 0.50 per cent higher in yesterday’s trade.

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