Market
Live: Sensex rebounds 100 pts, Nifty opens above 9850; Aurobindo soars 8%
Equity
benchmarks rebounded on Wednesday after yesterday's steep fall, backed by short
covering in beaten down stocks.
The
30-share BSE Sensex was up 104.05 points at 31,815.04 and the 50-share NSE
Nifty rose 33.90 points to 9,861.05.
Healthcare
stocks were in demand as Aurobindo Pharma rallied 7.5 percent followed by
Lupin, Sun Pharma after USFDA approvals.
HUL
gained nearly a percent post better-than-expected earnings. ITC rebounded 1
percent after yesterday's 13 percent correction.
Eicher
Motors, ACC and Zee Entertainment gained 1 percent whereas Bajaj Auto and
UltraTech Cement were under pressure.
Nifty
Midcap was up 0.4 percent as about five shares advanced for every share falling
on the BSE.
Lakshmi
Electrical Control Systems surged 10 percent.
JM
Financial, Sintex Industries, Federal Bank, Amtek Auto, Ashok Leyland, Sundaram
Finance, Jubilant Life and Jet Airways gained up to 2 percent while Sasken
Communications, KPIT Tech and Havells India were down.
Asia
markets were mixed as dimmed prospects for US healthcare reform led to the
dollar wallowing near 10-month lows.
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