Sensex rebounds 317 pts in early trade on account of positive macro-economic data

Mumbai: The benchmark Sensex rebounded almost 317 points to 26,621.40 and the broader Nifty reclaimed the 8,200-mark in early trade today on account of positive macro-economic data.

Retail or CPI inflation dipped to 14 month low of 4.20 per cent while the one based on wholesale prices or WPI fell for the second consecutive month to 3.39 per cent in October, raising hopes that RBI may go in for another rate cut in its monetary policy review next month.