MUMBAI: The benchmark Sensex staged a strong come back in early trade on Wednesday gaining over 158 points on widespread buying by participants in banking, auto, pharma and oil and gas stocks.
Markets open higher, Sensex above 150 points
Asian stocks notched moderate gains, tracking sizable increases seen on Wall Street overnight also boosted the sentiments.The 30-share index was trading higher by 158.35 points, or 0.46 per cent at 33,970.61.All the sectoral indices led by metal, consumer durables, power, bank and infrastructure were trading in the green with gains up to 0.79 per cent.
Brokers said buying by domestic institutional investors (DIIs) and foreign funds amid a firm trend at other Asian bourses following yet another record close on Wall Street improved the market sentiment.In the Asian region, Hong Kong's Hang Seng was up 0.23 per cent and Shanghai Composite Index by 0.82 per cent in early trade. Japan's Nikkei remained closed today.The US Dow Jones Industrial Average ended 0.42 per cent higher yesterday.