Markets bounce back in early trade after 6 days of fall

Mumbai, October 27

Equity benchmark indices rebounded in early trade on Friday after facing massive drubbing of late amid recovery in Asian markets.

The 30-share BSE Sensex jumped 411.17 points to 63,559.32 in early trade. The Nifty climbed 115.9 points to 18,973.15.

Among the Sensex firms, NTPC, Mahindra & Mahindra, State Bank of India, Infosys and Maruti were the major gainers.

Asian Paints emerged as the only laggard from the pack.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.

The US markets ended lower on Thursday.

The European Central Bank left interest rates unchanged on Thursday for the first time in over a year.

Global oil benchmark Brent crude jumped 1.25 per cent to USD 89.03 a barrel.

Foreign Institutional Investors offloaded equities worth Rs 7,702.53 crore on Thursday, according to exchange data.