Sensex has rebound over 200 points benefiting Bajaj Finance and others

BSE Sensex has jumped over 200 points in early session driven by gains in energy and banking stocks during the positive global cues.

The 30-share index had been trading at 186.94 points, or 0.51 percent, higher at 36,668.03 at 0930 hours, whereas the broader Nifty got up by 43.15 points, or 0.40 percent, to 10,860.75.

Earlier, the BSE barometer has plunged 642.22 points, or 1.73 percent, to 36,481.09, whereas the Nifty fell 185.90 points, or 1.69 percent, to 10,817.60.

Top gainers in the Sensex included Bajaj Finance, Reliance Industries, SBI, Yes Bank, Axis Bank, Kotak Bank, Tata Steel, Vedanta, Asian Paints, Bharti Airtel, HCL Tech, HDFC and TCS.

Simultaneously, Maruti, Hero MotoCorp, Tata Motors, HUL, ONGC and ITC fell up to 1.50 percent.

Experts say that market sentiment has recovered positive news on multiple geopolitical fronts like oil prices and US-China trade talks.

Equity markets have taken a breather as oil prices have cooled off after Saudi Arabia’s energy minister said that more than half of the country’s daily crude oil production that was knocked out by an attack had been recovered.

Moreover, US President Donald Trump has said that a trade agreement between the US and China is likely to happen either before or immediately after the American elections.

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