Mumbai: The benchmark BSE Sensex gained nearly 163 points in early trade on Tuesday, snapping its 6-session losing streak, driven by a value buying in bluechip stocks coupled with positive core sectors output data.
The broader NSE Nifty regained the 8,100-level.
The mood also brightened on firming trend at other Asian markets, tracking overnight gains at the US markets.
The 30-share index, which had lost 911.66 points in the previous six straight sessions due to muted Q2 earnings by some bluechip companies and a weak trend overseas, recouped 162.70 points, or 0.61%, at 26,721.85 with all the sectoral indices rising up to 1.36 per cent following across-the-board buying.
Also, the NSE Nifty reclaimed the crucial 8,100-mark by recovering 49.55 points, or 0.61%, at 8,100.35.
Brokers said value-based buying in bluechips after recent losses and core sector growth rising to 4-month high of 3.2% in September buoyed trading sentiments. The growth rate in September was highest since May when it was 4.4%.
Besides, a firming trend at other Asian markets too triggered fresh round of buying by funds, they said.
Among other Asian markets, Hong Kong’s Hang Seng was up by 1.41% while Shanghai Composite index rose 0.02% in early trade on Tuesday. Japan financial markets are closed on Tuesday for a national holiday.