Sensex jumps 374 pts to rebound from 6-1/2 months low

May 08, 2015 10:19

The benchmark BSE Sensex rebounded from its six-and-a-half months low in early trade today by climbing 374 points to 26,973.83 on government's decision to refer MAT issue to a high-level committee.

Moreover, recovery in rupee against the dollar and a firming trend in global markets too boosted sentiments.

Snapping its three-day losing streak, the Sensex recovered sharply by 374.72 points or 1.40 per cent to 26,973.83 with realty, banking, capital goods, auto and healthcare stocks leading the rebound.

The gauge had lost 891.48 points in the past three days.

The 50-share NSE Nifty regained the 8,100-mark by rising 111.55 points or 1.38 per cent to 8,168.85.

Brokers said sentiments were buoyed after Finance Minister Arun Jaitley yesterday announced that a high-level committee will look into the controversial issue of Minimum Alternative Tax.

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