In volatile trading, the Bombay Stock Exchange benchmark Sensex on Wednesday recovered by over 40 points in early trade on emergence of funds buying at existing lower levels.
The 30-share index, which had plunged 126.51 points at the outset, bounced back to quote 40.05 points higher at 16,792.91 in the first five minutes of trading. It had lost 108.04 points on Tuesday.
Similarly, the wide-based National Stock Exchange index’s Nifty moved up by 12.35 points at 4,970.15.
Marketmen said the initial sell-off by funds was influenced by the serial blasts in Jaipur last evening.
Major gainers which supported the Sensex were Grasim Industries, Infosys Technologies, Tata Consultancy, Wipro, HDFC, Bharti Airtel, DLF Ltd and Tata Steel.
However, stocks such as HDFC Bank, ONGC and Reliance Energy were in the negative zone on some selling.
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