Sensex rebounds over 143 points on value buying, firm trends in Asia

The benchmark BSE Sensex rebounded over 143 points and the NSE Nifty regained the 7,800-mark in early trade on Tuesday on value-buying in select blue chips amid a firm trend at other Asian bourses.

Besides, covering-up of short positions by speculators supported the recovery.

The 30-share index was trading higher by 143.41 points or 0.55% at 25,766.76 with all sectoral indices led by realty, power, oil and gas leading the recovery.

The gauge had lost 537.55 points in the previous session amid worries over China's economic slowdown and geopolitical tensions in the Middle East.

Besides, the NSE Nifty reclaimed the 7,800-mark by recovering 39.30 points or 0.50% to 7,830.60. 

Brokers said value-buying in Monday's beaten-down blue chips along with covering-up of short positions by speculators influenced trading sentiments.

Furthermore, a moderate recovery in Chinese shares and other Asian markets supported the rebound in the domestic market.

Among other Asian markets, Shanghai Composite Index was up 0.33%, while Japan's Nikkei rose 0.41% in early trade on Tuesday. Hong Kong's Hang Seng index was also trading a shade higher.

The US Dow Jones Industrial Average fell 1.58% on Monday's trade.