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Sensex surges 207 points on positive Asian cues

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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 on Wednesday, 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%, 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%.

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%, 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% while Japan’s Nikkei gained 2.42% in early trade on Wednesday. Shanghai Composite index up 2.58%.

The US Dow Jones Industrial Average ended 0.50 per cent higher in Tuesday’s trade.

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