Sensex bounces back, up 186 points on global cues

MUMBAI: Tracking firm Asian markets, the benchmark index Sensex staged a strong comeback to quote over 186 points higher in early trading on Wednesday on the Bombay Stock Exchange on the back of revival of buying by funds and retail investors.

The BSE-30 share index, Sensex, which had lost nearly 350 points on Tuesday, recovered by 186.08 points, or nearly 1.35 per cent at 13,568.09 in the first five minutes of trade.

On the broader National Stock Exchange, Nifty was up by 51.15 points at 3,883.15.

Stock brokers said reports of firming trends at Asian markets, particularly Thailand Stock's index (SET) was up nearly 9 per cent on the back of partial reversal of capital measures taken by the Central Bank, enthused the trading sentiments.

The major support came in from stocks like Reliance Industries, BHEL, Larsen and Toubro, Infosys Technologies, Satyam Computers, Wipro, Tata Motors, Tata Steels and ACC.

Meanwhile, stocks of Sobha Developers were listed at Rs 1179 against the offered price of Rs 640.