Markets bounce back in early trade

Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Wednesday after facing heavy drubbing in the previous trade as value-buying at lower levels led to an uptrend in the markets.

Making a strong comeback after Tuesday’s sharp decline, the 30-share BSE Sensex jumped 948.83 points to 73,027.88 in early trade. The NSE Nifty went up by 247.1 points to 22,131.60.

At 10:20 am, sensex was trading 271.71 points up at 72,350.76, whereas Nifty was trading 91.55 points higher at 21,976.05.

Among the 30 Sensex companies, Hindustan Unilever, Nestle, Asian Paints, HCL Technologies, HDFC Bank, Kotak Mahindra Bank and ITC were the biggest gainers.

Larsen & Toubro, Power Grid, NTPC and State Bank of India were among the laggards.

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