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Sensex rebounds over 700 points to reclaim 58K-level in early trade

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Mumbai, January 28

The BSE gauge Sensex shot up more than 700 points to revisit the key 58,000-level in opening deals on Friday, as participants indulged in buying across counters.

The 30-share index zoomed 723.55 points or 1.26 per cent to 58,000.49 in initial trade.

The NSE Nifty also advanced 217.45 points or 1.27 per cent to 17,327.60 in opening trade.

On the Sensex chart, all shares, barring Maruti, were trading with mild to hefty gains.

Foreign institutional investors remained net sellers in the capital markets, offloading Rs 6,266.75 crore on Thursday, as per official exchange data.

Elsewhere in Asia, bourses saw a mixed trading pattern, with only China and Japan trading higher in mid-afternoon deals. Other exchanges logged losses.

Meanwhile, international oil benchmark Brent crude eased 0.38 per cent to USD 89.74 per barrel.

The Tribune

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