Sensex recoups losses after near 200-point fall; Nifty50 above 8,150

NEW DELHI: The S&P BSE Sensex managed to recoup most of the losses and turned positive in morning trade on Thursday, led by gains in Infosys, TCS, Adani Ports, Bajaj Auto, and SBI.

The market witnessed a kneejerk reaction after the US Federal Reserve raised rates for the first time in the year 2016 and hinted at the risk of a faster pace of tightening in the near term which surprised market participants.

The Nifty50 reclaimed its crucial level of 8,150 supported by gains in realty, power, oil & gas, consumer durables, capital goods, and IT stocks.


At 09:35 am: The 30-share index recouped losses and rose over 100 points or 0.38 per cent at 26,703. It touched a high of 26,726.66 and a low of 26,407.58 in morning trade.

The Nifty50 was trading at 8,211 up 29 points or 0.35 per cent. It touched a high of 8,211.65 and a low of 8,121.95 in the first 30 minutes of trade.