Markets rebound in early trade after two days of fall

Equity benchmark indices rebounded in early trade today, 4 December, after falling in the past two days amid buying in Bajaj Finance and Reliance Industries.

The 30-share BSE Sensex jumped 351.88 points to 71,708.48 in early trade. Meanwhile, Nifty climbed 99 points to 21,616.35.

Among the Sensex firms, Bajaj Finance, NTPC, Bajaj Finserv, Tata Motors, Power Grid, Infosys, Mahindra & Mahindra, Nestle, Titan and Reliance Industries were the major winners.

HCL Tech, Tata Steel, Maruti and Bharti Airtel were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were quoting in the negative territory.

The US markets ended lower on Wednesday, 3 January too.

Global oil benchmark Brent crude climbed 0.27 per cent to USD 78.46 a barrel.

Foreign institutional investors (FIIs) offloaded equities worth Rs 666.34 crore on Wednesday, according to exchange data.

The BSE benchmark fell by 535.88 points, or 0.75 per cent, to settle at 71,356.60 on Wednesday. Nifty slipped 148.45 points or 0.69 per cent to 21,517.35.