Sensex soars on global cues, F&O expiry

TIL Desk/Business/Mumbai/ The BSE Sensex rebounded over 246 points to quote above the 35,000-mark in opening trade today, tracking a firm trend in the global markets amid sustained buying by domestic institutional investors. Short-covering of bets, today being the last session of May expiry in the derivatives segment, kept the overall tempo up.

Optimistic buying by participants ahead of GDP data scheduled to be released later today too buoyed trading sentiments, brokers said. The 30-share index, which had lost 259.37 points in the previous two sessions, recovered by 246.06 points, or 0.70 per cent, at 35,152.17.

The NSE Nifty too was trading higher by 61.75 points, or 0.58 per cent, at 10,676.10.Meanwhile, the Met department yesterday said the entire country is likely to get normal monsoon this year, except the east and northeast India, which is likely to witness “below normal” rainfall.

Domestic institutional investors (DIIs) bought shares worth Rs 492.46 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 1,286.91 crore yesterday, provisional data showed.