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Sensex bounces 138 points as Asia shapes up

Stocks got back on their feet after two sessions of losses in early trade Tuesday as the Sensex recovered by over 138 points driven by a fresh round of buying amid a firming trend in other Asian markets.

Sensex building ( /

Sensex building
( /

The benchmark, which had surrendered 478.85 points in the previous two sessions, was trading higher by 138.46 points, or 0.48 percent at 28,432.74 with all the sectoral indices led by realty, consumer durables and healthcare supporting the recovery, rising by up to 0.92 percent.

The 50-share NSE Nifty was quoting higher by 45.45 points, or 0.52 percent, at 8,768.50.

From the Sensex pack, Power Grid, Adani Ports, TCS, Tata Steel, Tata Motors, Hero MotoCorp, Bajaj Auto, Sun Pharma, RIL, Infosys and Asian Paints stayed in the spotlight, rising by up to 1.03 percent.

Brokers said sentiment turned better after investors followed gains in Asia and shrugged off overnight losses on Wall Street ahead of the first debate in the tightening US presidential campaign.

However, Bharti Airtel, ICICI Bank, HDFC and GAIL suffered some losses.

In Asia, Japan’s Nikkei rose 0.17 percent while Hong Kong’s Hang Seng up 0.80 percent in early trade Tuesday.

Shanghai Composite gained 0.04 percent.

The US Dow Jones Industrial Average ended 0.91 percent down in Monday’s trade.