Mumbai: The BSE Sensex on Wednesday bounced back by 542.32 points to 31,232.34 in opening trade on positive global cues.
The nifty of national stock exchange too rose by 144.40 points to 9138.25.
The nifty registered intra days high and low at 9199.50 and 9114.35 points respectively.
Sliding by 469 pts in previous session, the sensex opened on a strong note on fresh buying in materials, health care, energy, FMCG and industrials stocks.
The sensex registered intra days high and low at 31,400.36 and 31,097.60 points respectively.
The gainers were sun Pharma by 4.46 per cent to Rs 482.70, Axis Bank by 4.23 per cent to Rs 437.15, Hind Unilever by 3.95 per cent to Rs 2440, L & T by 3.75 per cent to Rs 898.15 and Industrials by 3.44 per cent to Rs 424.40.
The losers were Kotak Bank by 1.35 per cent to Rs 1234.40, Maruti Suzuki by 0.80 per cent to
Rs 5240.60 and Bajaj finance by 0.01 per cent to Rs 2288.25.
US tocks jumped on Tuesday on optimism that the Trump administration could move to ease lockdowns.
The Dow Jones rose 2.4 per cent, the S&P 500 gained 3 per cent and the Nasdaq Composite added 3.95 per cent.
Asian indices were mixed in trade. Japan’s Nikkei and Australia’s ASX were both down over half a per cent in early deals while Hong Kong was up 0.5 per cent.
In energy markets, Brent crude was up half a per cent to 29.80 dollars a barrel