The benchmark BSE Sensex climbed by over 340 points to trade above the 27,000 mark in early trade on Wednesday after retail inflation eased to 4-month low at 4.87% in April, raising hopes of a rate cut by the Reserve Bank.
The 30-share barometer recovered sharply by 340.45 points to 27,217.93, with all sectoral indices led by auto, healthcare and banking trading in the positive terrain with gains up to 1.80 per cent.
On similar lines, the National Stock Exchange index Nifty recaptured the 8,200 level by recovering 114 points to 8,240.95.
Among other Asian markets, Hong Kong’s Hang Seng index was up 0.23 per cent while Japan’s Nikkei was trading 0.04 per cent higher in early trade.
The U.S. Dow Jones industrial average ended 0.20 per cent lower in Tuesday’s trade.
