Sensex rebounds 188 pts in early trade on easing inflation

July 15, 2014 10:34

The benchmark BSE Sensex rebounded by over 188 points in early trade today on revival of buying by funds and retail investors after retail inflation eased to 30-month low of 7.31 per cent.

The 30-share barometer recovered 188.70 points, or 0.75 per cent, to 25,195.68 with stocks of realty, capital goods, power, PSU, metal, auto and oil & gas sectors leading the gains.

The index had lost almost 1,093 points in the previous five sessions.

On the similar lines, the National Stock Exchange index Nifty reclaimed the 7,500-mark by recovering 60.30 points, or 0.80 per cent, to 7,514.45.

Brokers said sentiments turned better after retail inflation dipped to a 30-month low of 7.31 per cent in June and WPI index slid to a four-month low of 5.43 per cent, raising hopes of a rate cut by the RBI at its policy review next month.

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