Sensex rebounds on short covering, Nifty above 7800; BHEL gains -- 5 Jan 2015

The 30-share BSESensex rose 112.70 points to 25736.05 and the 50-share NSE Nifty climbed 37.10 points to 7828.40.

The market breadth was positive as about 600 shares advanced against 111 declining shares on the BSE.

                                                                     

Tata Steel, Hindalco Industries, Tata Motors, BHEL, Adani Ports, Cairn India, Idea Cellular, NTPC and Bajaj Auto were early gainers, rising around 1-1.5 percent.

The 30-share index was trading at 25,713, up 90 points or 0.35 per cent. It touched a high of 25,766.76 and a low of 25,697.22 in morning trade.

The Nifty50 was at 7,823 up 32 points or 0.42 per cent. It touched a high of 7,831.20 and a low of 7,817.05 in the first 30 minutes of trade.

Tata Steel (up 1.5 per cent), Tata Motors (up 1.3 per cent), GAIL India (up 1.49 per cent), Hindalco (up 1.4 per cent), and Vedanta (up 1.2 per cent), were the major Sensex gainers.

Infosys (down 0.43 per cent), Hero MotoCorp (down 0.3 per cent), Cipla (0.06 per cent), and HDFC Bank (down 0.03 per cent) were among the major Sensex losers. 

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