Sensex rebounds 900 points; FMCG, IT, energy stocks climb

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A day after losing over 3 percent, the Indian equities markets key indices rebounded on Tuesday on the back of strong buying support in FMCG, IT, and energy stocks.

The benchmark Sensex was trading at 57,295.31 at around 12.55 pm, which is 889.47 points or 1.58 percent higher from its previous day’s close at 56,405.84 points.

Earlier the Sensex opened in the positive at 56,731.56 points and rose to a high of 57,306.75 points. The markets have witnessed a smart recovery a day after the massive sell-offs. The Sensex had lost 1747.08 points or 3.00 percent on Monday.

The broader Nifty 50 of the National Stock Exchange was trading 253.80 points or 1.51 percent higher at 17,096.60 points. There was strong buying support in FMCG stocks. Nestle India surged 3.16 percent to Rs 18221.60. Hindustan Unilever soared 3.07 percent to Rs 2295.70.

L&T 2.86 percent higher at Rs 1850.50; Infosys 2.35 percent higher at Rs 1722.50; Titan 2.29 percent higher at Rs 2452.40; Wipro 2.20 percent higher at Rs 553.80; Tech Mahindra 2.14 percent higher at Rs 1419.80 and Bajaj Finance 2.15 percent higher at Rs 6935.50 were among the major Sensex gainers.

Only two of the 30 scrips that are part of the Sensex were trading in the red. Tata Steel fell 1.72 percent to Rs 1165.45. Power Grid Corporation was trading 0.89 percent down at Rs 200.10.

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