Making a strong turnaround from the cautious start, the BSE Sensex rebounded 295 points to trade above the crucial 27,000-mark in late afternoon deals, driven by a firming trend in global market as UK voters began to cast ballots on ‘Brexit’ referendum.
The 30-share index flared up by 295.33 points or 1.10 per cent to 27,060.98 at 1500 hrs. Sentiment turned better largely in tune with a firming trend in other Asian markets and a higher opening in European shares as Britain began voting in a historic referendum on its future in the European Union.
The rupee strengthening by 21 paise to 67.27 against the American currency (intra-day) at the forex market, too supported the market. Banking, auto, healthcare, FMCG, capital goods, oil&gas, PSU, IT and Metal, led the rebound. Also, the 50-share NSE Nifty was quoting higher by 74.80 points or 0.91 per cent at 8,278.50.
Among the 30-Sensex constituents, Tata Motors, Dr Reddy’s, SBI, Sun Pharma, ITC, Axis Bank, HDFC Bank, Lupin, Hindustan Unilever, Power Grid, Infosys, Bajaj Auto and M&M gained up to 3.12 per cent.
Globally, Hong Kong’s Hang Seng index closed 0.35 per cent higher, while Japan’s Nikkei gained 1.07 per cent. European markets were also in the positive zone with London’s FTSE 0.67 per cent up, France’s CAC 0.93 per cent higher and Frankfurt-based DAX 0.86 per cent in the green.