Sensex rebounds over 270 factors in early commerce; Nifty reclaims 15,000-level

Mumbai, March 8

The BSE gauge Sensex rallied over 270 points and the NSE Nifty reclaimed the key 15,000-level in early trade on Monday, tracking a robust recovery in global shares.

The 30-share Sensex was trading at 50,679.19, showing a rise of 273.87 points or 0.54 per cent.

The broader Nifty was quoted at 15,015.05, up 76.95 points or 0.52 per cent.

On the Sensex chart, ONGC, NTPC, Axis Bank, M&M, HDFC Bank and SBI were major gainers – climbing as much as 4.3 per cent.

Of the Sensex shares, 21 traded in the green.

In other Asian markets, equities staged a strong recovery after witnessing panic sell-offs for a couple of sessions as investors cheered the US Senate passing a USD 1.9 trillion stimulus bill for Covid relief package.

Investor worries also subsided after the rise in bond yields steadied and the US labour department reported stronger-than-expected jobs data for February.

Meanwhile, global crude oil benchmark Brent Futures rose 1.49 per cent to USD 70.73 per barrel. PTI

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