Sensex rebounds over 120 points in the opening trade

Mumbai: The benchmark BSE Sensex rebounded over 120 points and the NSE Nifty regained the 8,100-mark in the opening trade today on value-buying in select blue-chips amid a firming trend on other Asian bourses.

Besides, covering-up of short positions by speculators supported the recovery.

The 30-share index was trading higher by 120.02 points, or 0.45 per cent, at 26,270.45 with sectoral indices led by oil&gas, metal and PSU leading the recovery.

The gauge had lost 1,367.44 points in the previous five sessions on sustained capital outflows by foreign funds amid lingering worries about the economic impact of demonetisation.

Besides, the NSE Nifty reclaimed the 8,100-mark by recovering 26.35 points or 0.35 per cent to 8,102.45.