The BSE benchmark Sensex on Tuesday rebounded for the first time in six sessions by recovering 185 points in the opening trade on emergence of buying by funds and retail investors at prevailing lower levels, but fears of hike in interest rates capped gains.
The Sensex, which had lost over 1,335 points in last five sessions, rose by 185 points, or 0.96 per cent to 19,409.12 with all the sectors, led by banking and auto, were trading in the positive zone with gains up to 1.50 per cent.
Similarly, the broad—based National Stock Exchange index Nifty, shot up by 60.10 points, or 1.04 per cent to 5,826.40 points.
Marketmen said revival of buying by funds and retail investors, spread over a broad front, at an attractive level helped Sensex to trade sharply higher in the opening trade.
In the Asian region, the Hong Kong’s Hang Seng was up by 0.74 per cent, while Japanese Nikkei was down by 0.12 per cent in the morning trade today.
