Sensex Rebounds 210 Points On Global Cues, Shrinking CAD

News

Mumbai; Dec.23: Taking positive leads from the global market and a narrowing current account deficit, the benchmark BSE Sensex recovered sharply by almost 210 points and the NSE Nifty recaptured the 7,800-mark in early trade today on the back of widespread gains in blue-chips.

Besides, covering-up of short positions by speculators helped things.

The 30-share index recovered 209.87 points, or 0.82 per cent, to 25,800.52, with all sectoral indices led by metal, healthcare and realty trading in the green, advancing by up to 1.40 per cent.

The barometer lost 145.25 points in the previous session.

Also, the NSE Nifty retook the 7,800-level by recovering 60.30 points, or 0.77 per cent, at 7,846.40.

Meanwhile, extending its gains for the seventh day in a row, the rupee strengthened by 9 paise to 66.24 against the US dollar in early trade today.

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